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Gold and silver surge, stocks & USD slammed on news of Trump's ongoing attacks on the Fed
Key Takeaways (30s Read)
Trump escalates attacks on the Fed, leading to a surge in gold and silver while the USD declines.
Trump's escalating attacks on the Federal Reserve have resulted in a surge in gold and silver prices, while stocks and the USD have seen declines. The New York Times reports that federal prosecutors have opened a probe into Fed Chair Powell, though specific allegations are unclear. Increased worries about the Fed's independence are prompted by these attacks, particularly with the upcoming leadership transition in 2026. Furthermore, Trump's proposal for a $200 billion mortgage bond buying plan aims to lower borrowing costs, indicating his populist approach to stimulate stocks. However, this could undermine investor confidence in the stock market, leading many to flee into gold and silver. The Euro has appreciated, and the USD has weakened across major pairs, highlighting the sensitive reaction of the market to Trump's actions.
AI Analyst
AI Opinion
"Trump's intensified attacks on the Federal Reserve are significantly impacting the markets, with funds flowing into gold and silver. Concerns regarding Fed independence are rising, prompting investors to seek safe-haven assets. This situation, along with Trump's proposals to lower mortgage rates, could lead to a loss of confidence in the markets. With the transition of Fed leadership approaching in 2026, the independence of the Federal Reserve is being called into question. The drop in the USD is correlated with rises in other major currencies and safe-haven assets like gold and silver, warranting close monitoring of market movements moving forward."
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