Trump’s attack on Fed skyrockets gold, silver to record highs

By: Hugh Jackson

Outlets: Nevada Current

Published: January 12, 2026

Words: 294

Last Updated: 3 weeks, 5 days ago

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Donald Trump’s latest salvo in his war against the independence of the Federal Reserve sent gold and silver prices to new all-time highs Monday.

Nevada is the nation’s largest gold producer, and the second largest producer of silver, after Alaska.

Over the weekend, Fed Chair Jerome Powell announced he was under investigation by the Trump administration. The investigation is ostensibly about mismanagement of renovations at the Fed building in Washington. But Trump has been …

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