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Gold Hits Record High Amid Fed Uncertainty, Silver Rallies
Gold Hits Record High Amid Fed Uncertainty, Silver Rallies
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BTCCSquare news:
Gold surged to a record $4,600 as investors questioned Federal Reserve independence following news of a Justice Department probe into Chair Jerome Powell. The investigation centers on congressional testimony about a $2.5 billion headquarters renovation, with subpoenas suggesting potential criminal exposure.
Silver followed gold's momentum, climbing 5% on dollar weakness and safe-haven demand. Indian markets saw all-time highs as global investors reassessed Fed credibility.
The dollar dipped 0.3% while traders priced in political risk. Historically, such institutional uncertainty drives capital toward hard assets—a pattern repeating as monetary policy credibility comes under scrutiny.
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