DOJ subpoenas test Fed independence as gold and silver surge to record highs
TL;DR
Gold jumped about to $4,599 per ounce and silver to $84.60 per ounce, both records, after Fed Chair Powell warned that DOJ subpoenas attempting to probe his Senate testimony are political pressure on monetary policy. He argued the Fed must set rates based on evidence and conditions, not politics, sending the U.S. dollar lower by roughly 0.4% as investors sought safe havens.
- Gold and silver spike to record highs after Powell says DOJ subpoenas are latest Trump attempt to influence monetary policy Sherwood News
- Stock Market News, Jan. 12, 2026: Gold Hits Record As Dollar Weakens The Wall Street Journal
- Gold and Silver Storm to Records as Fed Hit With DOJ Subpoenas Yahoo Finance
- Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush CNBC
- Gold hits record high and dollar weakens on Fed independence worries Financial Times
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