Gold Steady, Silver Dips After Record Highs Amid US Fed Probe & Trump's Attacks
Commodities
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CNBC TV1813-01-2026, 07:58

Gold Steady, Silver Dips After Record Highs Amid US Fed Probe & Trump's Attacks

  • Gold prices steadied and silver declined on Tuesday after both metals hit fresh all-time highs on Monday.
  • The surge was triggered by US President Donald Trump's administration's criminal probe into US Fed Chair Jerome Powell.
  • Gold reached over $4,600 per ounce, and silver hit $86.22 per ounce on Monday.
  • Trump's intervention and repeated attacks on the Fed have undermined its independence, sparking a 'sell America' trade and dollar decline.
  • Citigroup Inc. upgraded its outlook, predicting gold at $5,000 and silver at $100 per ounce in the next three months due to geopolitical risks and Fed uncertainty.

Why It Matters: Gold and silver saw record highs driven by political instability and concerns over Fed independence.

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