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Gold, silver touch records as 'assault on Fed' sparks flock to precious metals
Yahoo Finance· 2026-01-12 15:11
Gold and silver surged to new all-time highs on Monday after Fed Chair Jerome Powell warned that “threats and ongoing pressure” from the Trump administration are jeopardizing the central bank’s independence. Gold futures climbed 2% to rise above $4,600 per troy ounce, while silver rose above $84 per ounce following Powell’s video released on Sunday, in which he said a potential indictment from the Department of Justice over his testimony about headquarters renovations comes amid a “broader context of the ...