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By Martin Baccardax
Global metals prices extended their searing rally Wednesday, with gold silver and copper all hitting all-time highs amid a surge in demand tied to geopolitical risks, currency debasement and industrial demand. The U.S. Justice Department’s criminal probe into Federal Reserve Chairman Jerome Powell, seen as a political pretext to pressure the central bank into deeper interest rate cuts, has added to concerns over Fed independence and pressured the dollar. President Donald Trump’s myriad actions on foreign policy, meanwhile, including comments aimed at supporting protesters in Iran, seizing Greenland by force, and “running” Venezuela and its massive oil reserves continue to generate demand for safe have assets.
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