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

Commodities
C
CNBC TV18•13-01-2026, 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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