Gold, Silver Storm to Record Highs Amid Fed Indictment Threat, Iran Tensions

• Gold and silver reached record highs due to a US Justice Department threat of criminal indictment against the Federal Reserve and ongoing protests in Iran.
• Fed Chair Jerome Powell linked the indictment threat to broader administration pressure on interest-rate decisions, weakening the dollar.
• Deadly protests in Iran increased haven demand for precious metals, with President Trump considering options on Iran.
• Precious metals are experiencing an upward re-rating driven by falling US interest rates, geopolitical tensions, and lower trust in the US dollar.
• Silver surged almost 6% to a record $84.6090 an ounce, with a deficit expected to continue through 2026 due to high investment and industrial demand.

Why It Matters: Gold and silver hit record highs, fueled by Federal Reserve independence concerns and escalating geopolitical tensions.