Gold and silver prices surged to fresh all-time highs at the start of the week, driven by growing investor demand for safe-haven assets amid heightened uncertainty surrounding the U.S. Federal Reserve. The rally follows news of a Justice Department investigation involving Federal Reserve Chair Jerome Powell, which has raised concerns about institutional independence and market stability.
Gold climbed to approximately $4,613 per ounce, gaining nearly 3% in early trading after briefly touching an intraday record above $4,630. Silver posted even stronger gains, rising around 7% to nearly $84.70 per ounce, after hitting a peak close to $85.75 earlier in the session.
Precious metals have already experienced an exceptional run throughout 2025, but analysts attribute this latest surge primarily to increased risk aversion. Investors are seeking protection in hard assets as political and regulatory pressures on the central bank intensify, potentially undermining confidence in monetary policy.
Market analysts noted that any perceived interference with the Federal Reserve tends to be bullish for gold and silver. Silver, in particular, often reacts more sharply due to its smaller market size and higher volatility. The investigation has amplified fears that the Fed’s independence could be compromised, pushing capital toward tangible stores of value.
Beyond institutional uncertainty, several additional factors are supporting precious metals prices. Interest rate cuts, ongoing geopolitical tensions, and instability in regions such as Latin America and the Middle East have all reinforced demand for safe-haven assets. Silver has also benefited from strong industrial demand, particularly from sectors like electric vehicles and AI-driven data centers.
Supply-side pressures have further fueled silver’s rise. New export restrictions introduced by China have tightened global availability, increasing the risk of regional shortages and sudden price swings. Combined with concerns over potential trade tariffs, these dynamics have contributed to heightened volatility, especially in key trading hubs.
With political, economic, and geopolitical risks converging, gold and silver continue to attract investors seeking stability, reinforcing their role as strategic hedges in uncertain market conditions.
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