Oil, Gas, or Tariffs: Trump’s High-Stakes Game with European Allies

The Federal Reserve delivered its third rate cut of 2025, but deep divisions on the committee signal uncertainty ahead. Silver surged to an all-time high of $62.89, capping a historic 113% gain this year. Meanwhile, the race to replace Jerome Powell is heating up.

Silver shattered records this week, topping $60 per ounce while central banks accelerated gold buying to the highest level of 2025. Meanwhile, Trump sets “immediate” rate cuts as his litmus test for the next Fed chair, and his $12 billion farm bailout reveals the true cost of his trade war.

Gold trades steady at $4,200 as the Fed prepares a hawkish rate cut Wednesday. Global central banks are pumping the brakes on easing, while persistent inflation keeps Americans struggling with soaring costs for food, housing, and childcare—fueling safe-haven demand.