Silver Rises Over 120% YTD 
Gold prices gained momentum as both the U.S. dollar index and Treasury yields retreated, with spot prices rising 0.4% to $2,687.59 per ounce and futures climbing over 1% to $2,710.00. Markets are particularly focused on upcoming CPI data, expected to show annual inflation increasing to 2.9% from November’s 2.7%. According to Saxo Bank’s Ole Hansen, market uncertainty is heightened by both the pending inflation data and political considerations, including Trump’s proposed import tariffs that could impact inflation and complicate the Federal Reserve’s rate decisions. Despite Tuesday’s moderate PPI increase, analysts suggest rate cuts may not materialize until the second half of the year.
Videos
The DOJ vs. Jerome Powell — And Why Gold Is Responding
As the DOJ investigates Fed Chair Jerome Powell, markets are reading between the lines. This isn’t about a building—it’s about interest rates, debt pressure, and why gold and silver are already responding.
January 20, 2026
