“Gold breaks historical records: price exceeds $4600 amid Trump-Fed conflictGlobal gold prices have surpassed the $4600 per ounce mark for the first time in history. This surge is driven by pressure on the
US Federal Reserve and the escalating situation in the Middle East.
”, — write: unn.ua
DetailsThe main driver of the price increase was the announcement by Fed Chairman Jerome Powell that he had received subpoenas from the Department of Justice. The investigation, which is linked to a personal conflict between Powell and President Donald Trump over interest rates, caused panic in financial markets.
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Investors view gold as the last safe haven as US institutional stability is under threat
Against the backdrop of this news, US stock futures went down, giving a “green light” for a further increase in the value of banking metals.
Geopolitical instability: Iran and US “show of force”An additional factor in the price increase was the events in Iran, where the number of casualties during the protests exceeded 500 people. Tehran officially threatened attacks on US military bases in response to Donald Trump’s statements about his readiness to intervene in the conflict on the side of the rebels.
Oil prices rise amid protests in Iran and new Trump decrees on Venezuela12.01.26, 05:11 • 1606 views
The situation is fueled by Trump’s active foreign policy, which includes the recent removal of the Venezuelan president and discussions about the purchase of Greenland. Against the backdrop of such large-scale geopolitical shifts, silver also updated its highs, demonstrating stable demand for protective assets.
US dollar sharply fell due to pressure on Fed independence and the start of an investigation against agency head Powell12.01.26, 06:06 • 1656 views