Silver And Gold Hit New Highs On Fed Probe And Heightened Geopolitical Tension

Article Synopsis

Gold and silver surged to record highs as investors sought safe-haven assets amid political and geopolitical uncertainty. The rally was driven by DOJ subpoenas related to the Fed, raising concerns over central bank independence and a weaker U.S. dollar. Geopolitical tensions, including unrest in Iran and U.S. actions on Venezuelan oil, further boosted demand. Other metals like copper also benefited from strong industrial demand, highlighting broader market tightness and reinforcing precious metals as a hedge against economic instability.

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