Gold, Silver Soar: 3 Fears Fueling Price Surge, What's Next?

• Gold and silver prices have seen a rapid ascent in the last 24 hours, with gold nearing a new record.
• Investigation into Fed Chair Jerome Powell's testimony and a $2.5 billion renovation deal is increasing market uncertainty, potentially leading to rapid rate cuts if Powell steps down.
• Rising geopolitical tensions involving Iran and Venezuela are driving strong safe-haven demand for precious metals.
• A weakening dollar, continuous fiscal deficit, policy uncertainty, and central bank gold purchases are contributing to the rally.
• HSBC predicts gold could reach $5,000/ounce by mid-2026, with market experts suggesting the rally is far from over.

Why It Matters: Global policy risks, geopolitical tensions, and a weakening dollar are driving gold and silver prices higher.