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News  ›  Benzinga

Gold, Silver Spike To Record Highs As Fed Independence Falters: What's Moving Markets Monday?

Benzinga Logo Benzinga By Piero Cingari
Gold, Silver Spike To Record Highs As Fed Independence Falters: What's Moving Markets Monday?

Gold and silver surged to record highs Monday as investors reassessed Federal Reserve independence concerns following a DOJ criminal probe into Fed Chair Jerome Powell. The move sparked a rotation from Treasuries into precious metals. Financial stocks underperformed after Trump proposed capping credit card rates at 10%, while energy and tech stocks gained. Major indices showed modest gains ahead of inflation data and earnings season.

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TMUSI   neutral

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COF   negative

Stock tumbled 6.6% following Trump's proposal to cap credit card interest rates at 10%, posting worst session since April 2025