$XAU The primary catalysts for today's record-breaking move include:
Federal Reserve Independence Crisis: Markets are reacting to news that Fed Chair Jerome Powell is the focus of a criminal probe regarding his previous Senate testimony. This has raised unprecedented concerns about the independence of the U.S. central bank and the stability of future monetary policy.
Geopolitical Tensions: Severe unrest in Iran and renewed threats of U.S. military strikes have sparked a massive "flight to safety." Additionally, new U.S. tariffs (reportedly up to 500% on some BRICS nations) have unsettled global trade.
Weak Economic Data: December’s non-farm payroll data came in significantly lower than expected, increasing the likelihood that the Fed will need to cut interest rates later this year.
Silver’s Synchronized Rally: Silver also hit a fresh record high, surpassing $84 per ounce, which has further bolstered the bullish sentiment across the entire precious metals sector.
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