Silver and Gold Rally Amid Inflation Concerns and Fed Uncertainty

Spot silver surged over 5% to $91.5535 an ounce, nearing gold's all-time high just $10 below its peak. This follows gold's record-breaking climb above $4,600 per ounce earlier this month. Precious metals are capitalizing on macroeconomic uncertainty, with investors flocking to hard assets as inflation debates intensify.

The U.S. Federal Reserve faces mounting scrutiny after Chair Jerome Powell's alleged involvement in a controversial incident, raising questions about central bank independence. While global central bankers have reportedly rallied behind Powell, JPMorgan Chase CEO Jamie Dimon warns political interference could destabilize financial markets.

Lower interest rates continue to enhance the appeal of non-yielding assets, with analysts noting December's inflation figures came in below expectations. Some attribute this anomaly to the 2025 government shutdown, though the explanation remains contentious among economists.