Gold and Silver Prices Reach Record Highs Amid Geopolitical Tensions and Fed Probe Concerns

Gold and silver prices reached record highs amid geopolitical tensions, including US-Iran conflicts, protests in Iran, and the Russia-Ukraine war, alongside concerns over a US Justice Department probe into Federal Reserve Chair Jerome Powell. Softer US inflation data and expectations of interest rate cuts further supported the rally. While gold prices slightly eased due to profit booking, silver continued to climb, hitting new lifetime highs. Market analysts highlight ongoing uncertainty around Fed independence and global economic risks as key drivers.