Gold hits record high as DOJ probe threatens Fed independence, stable economy threatened.
Gold surged past $4,600 per ounce on Monday for the first time in history as investors rushed to safe-haven assets amid an extraordinary clash between the Trump administration and the Federal Reserve. The rally came after Fed Chair Jerome Powell revealed Sunday night that the Justice Department had served the central bank with grand jury subpoenas threatening a criminal indictment.
Silver also shattered records, climbing more than 5% to breach $85 per ounce. The precious metals surge coincided with a decline in the U.S. dollar and turbulence in stock and bond markets, reviving what traders called the "Sell America" trade.
We have had a stable economy with the normal ups and downs for 100 years but now Trump wants to take over the regulators. The people of today don't know what it was like to live through the great depression, maybe they are going to find out.
Silver also shattered records, climbing more than 5% to breach $85 per ounce. The precious metals surge coincided with a decline in the U.S. dollar and turbulence in stock and bond markets, reviving what traders called the "Sell America" trade.
We have had a stable economy with the normal ups and downs for 100 years but now Trump wants to take over the regulators. The people of today don't know what it was like to live through the great depression, maybe they are going to find out.
41-45, M
