Overview
- Spot gold briefly approached $4,600 per ounce overnight and traded near $4,578 on Monday morning.
- Quoted in euros, the spot price was around €3,923 per ounce in early European trading, according to Gold.de.
- Silver rose roughly 4–5% to about $83 per ounce, hovering near its own late‑2025 peak.
- Market participants cited Iran tensions and fresh concerns over Federal Reserve independence after Justice Department subpoenas, which Chair Jerome Powell publicly rejected as political pressure.
- Expectations for rate cuts, heavier sovereign debt burdens, and continued central‑bank buying reinforced investor flows into precious metals following outsized gains in 2025.