Gold Hits Historic Milestone as Fed Independence Fears Spark Safe Haven Rally

Monetary Policy at a Crossroads

The potential threat to the Federal Reserve's independence has sent shockwaves through global markets. Investors are hedging against the possibility of political influence over interest rate decisions, which typically devalues fiat currency and boosts bullion.

Geopolitical Support

Beyond US internal politics, ongoing regional conflicts in Venezuela and a fresh flare-up of tensions involving Iran continue to underpin the safe-haven bid. Most major banks have revised their mid-2026 targets toward $4,700-$4,800.