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Precious Metals Soar as Fed’s Musalem Evaluates Tariff Impacts and Warsh Nomination
Stock Market News· 2026-02-20 21:08
Key TakeawaysSpot silver prices skyrocketed nearly 8% to hit $84.57 per ounce, marking a massive rally in the precious metals sector.St. Louis Fed President Alberto Musalem suggested the economic outlook may remain unchanged if incoming Trump administration tariffs are implemented on a "one-for-one" basis.Spot palladium surged over 4%, climbing to $1,760.35 per ounce amid broader strength in industrial and precious metals.Musalem signaled support for Kevin Warsh as the next Federal Reserve Chair, describing ...
X @Cointelegraph
Cointelegraph· 2025-10-14 23:01
🚨 INSIGHT: Gold continues to reach new all-time highs as Bitcoin shows a strong correlation, reflecting ongoing investor focus on inflation hedges. https://t.co/LTNBIhVNXb ...