Gold and silver hit new highs amid protests in Iran and Fed crisis — Bloomberg
On Monday, January 12, 2026, global gold and silver prices reached unprecedented heights.
This was reported by Bloomberg
Gold hit $4,600 per ounce, and silver jumped to $84.61 — an increase of almost 6% in one day. Investors are rushing to buy precious metals as a lifeline in times of uncertainty.
Fed Chairman Jerome Powell announced criminal subpoenas from the US Department of Justice related to his testimony on expensive central bank building renovation projects.
US President Donald Trump's political pressure on the Fed's independence has intensified, weakening the dollar and raising government bond yields. The market reacted instantly: traders rushed to “safe havens” — gold and silver.
Alena Shevtsova, an international financier, says that the rapid rise in gold and silver prices is not a speculative anomaly, but a logical reaction of the markets to a systemic loss of confidence: in the monetary independence of the Fed, in the predictability of geopolitics, and in the stability of global institutions. Investors are flocking to hard assets as insurance against political experiments, sanctions risks, and potential currency shocks. If the turbulence continues, precious metals are likely to remain a strategic anchor for capital rather than a temporary refuge.
Violent protests in Iran, which broke out on December 28, 2025, have added fuel to geopolitical risks. According to human rights activists, hundreds of people have been killed and thousands have been imprisoned; clashes have spread to dozens of cities.
As a reminder, oil prices are rising due to protests in Iran and the resumption of exports from Venezuela.
Copper prices also rose sharply in early 2026, reaching a record high of $13,369 per ton as of 8:57 a.m. Kyiv time.
