Mrzorro
01-14 09:08

Gold and Silver Hit Fresh Record Highs Amid Inflation and Fed-Independence Worries


Gold and silver prices edged up to new record highs Tuesday as a U.S. consumer prices rose in December, while geopolitical tensions continue to run hot amid concerns the Trump Administration is threatening the independence of the Federal Reserve.

$Gold - main 2402(GCmain)$   rose as much as 0.6% to a record $4,644.00 per ounce during the session, while $Silver - main 2603(SImain)$   added as much as 4.8% to a $89.215-an-ounce all-time intraday high.

The metals rose after the U.S. Bureau of Labor Statistics reported the Consumer Price Index rose at 2.7% annualized rate in December, unchanged from the prior month and matching the consensus estimate according to Marketwatch.

Core CPI, which excludes volatile food and energy, rose at a 2.6% annual pace, unchanged from November but under the consensus estimate for a rise of 2.8%.

The figures are unlikely to change expectations the Federal Reserve will leave interest rates unchanged at its Jan. 28 meeting, though investors are focused on an attempt from the Trump Administration to challenge the central bank's independence.

Fed Governor Jerome Powell on Sunday said the Justice Department served the bank with grand-jury subpoenas as it investigates cost overruns for renovations to its Washington offices.

However, Powell said he believes the real reason behind the subpoenas was due to the bank's refusal to respond to President Trump's pressure to lower rates.

Christopher Louney, a commodities strategist at RBC Capital Markets, wrote in a research note that "the latest concerns around Fed independence occur against a backdrop of geopolitical instability spanning hemispheres, from Venezuela to Iran, resurfacing the worries that made it a key factor in gold's price performance in 2025. We note that heightened interference in the Fed's independence could contribute to gold surpassing even our high-scenario outlook."


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Silver Whipsaws on Tariffs: A Healthy Reset or the End of the Squeeze?
Spot Silver and gold pulled back sharply from record highs. Citigroup expects silver to likely avoid U.S. tariffs, which could encourage metal outflows from U.S. warehouses and relieve global tightness. After a months-long security review, the Trump administration paused broad tariffs on key minerals, including silver and platinum, opting for bilateral talks. Wall Street remains constructive mid-term, citing supply deficits, industrial demand, and gold spillover. With tariff risk easing, is silver’s pullback a healthy reset or the end of the squeeze?
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