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Gold rose above $5,500 and silver hit record highs as the dollar slipped to a four-year low. Fed Chair Powell said the Fed does not take much macroeconomic message from the precious metals rally and defended the central bank's credibility.
Dollar weakness and political pressure on the Fed support dollar-denominated commodity prices, but the metals rally itself has little direct effect on feed markets.
euronews.comJan 29, 2026After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
