Precious metals reach record highs amid geopolitical tensions and threats to Federal Reserve autonomy
Gold and silver surged to historic peaks on Wednesday as tensions in Iran and concerns over Federal Reserve independence fueled safe-haven asset demand.
Insights:
Gold and silver reached historic price levels on Wednesday as a convergence of geopolitical risk and institutional uncertainty triggered a broad repricing of safe-haven assets. Gold Spot reached a record intraday high of $4,639.48 per ounce, while Silver Spot broke above the $90 threshold for the first time in history. By 1001 GMT on January 14, 2026, spot gold was trading at $4,627.72, up 0.9% for the session, while US 
USgold futures for February delivery rose 0.8% to $4,636.
USgold futures for February delivery rose 0.8% to $4,636.
