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Gold & Silver Prices Fluctuate as Trump Tackles Critical Minerals

Global Economic Landscape Shifts Amidst Rising Silver Prices, Critical Minerals Meeting, and Federal Reserve Leadership

Washington, D.C. - The global economic landscape is undergoing significant shifts, marked by rising silver prices, a critical minerals conference hosted by the United States, and potential changes in Federal Reserve leadership.

Silver prices have surged, increasing by more than 200% since January 2025, according to CBS News. This growth has positioned silver as a cost-effective alternative to gold, which has also seen its price increase amid inflation and higher interest rates. Gold has long been considered a safe-haven asset and inflation hedge, making it an attractive investment during times of market or economic uncertainty, CBS News reported.

Meanwhile, the United States hosted a critical minerals conference in Washington, D.C., this week, with ministers from dozens of countries in attendance, Al Jazeera reported. The conference focused on strengthening and diversifying nations' stockpiles of critical minerals, which are essential for the defense industry and the development of artificial intelligence. A key point of discussion was the possibility of setting a minimum price for critical minerals, though the U.S. is reportedly backing away from this suggestion, according to Al Jazeera.

In other economic news, President Donald Trump nominated Kevin Warsh as the next Federal Reserve Board chairman, Fox News reported. Warsh, in contrast to Jerome Powell, is not political and is not an inflationist, according to Fox News. Warsh has stated that he rejects the discredited Phillips Curve notion that growth causes inflation. He believes a return to a prosperous era of low inflation and high growth is possible, similar to what was seen under Paul Volcker in the 1980s and Alan Greenspan in the 1990s, Fox News reported.

These developments occur as mortgage rates remain high, and housing inventory remains limited, creating challenges for those in the market for a new home or considering refinancing, according to CBS News.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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