US Investigation Pressures Federal Reserve, Drives Gold and Silver to Record Levels
Gold and silver prices surged to record levels on Monday, as the US Department of Justice targeted the Federal Reserve in an investigation, raising concerns over the independence of the American financial institution and boosting demand for safe assets.
The price of gold approached $4,600 per ounce, while silver reached around $85 per ounce for the first time. This surge came after Federal Reserve Chair Jerome Powell announced that the investigations into his institution were part of the pressure campaign being exerted on him by President Donald Trump regarding his monetary policy decisions.
