Powell dodges credibility question as gold and silver surge to records

Powell said the U.S. hasn’t lost credibility, pointing to anchored inflation expectations even as gold and silver hit record highs. He warned against reading asset-price moves as proof of credibility loss and stressed that longer-term inflation remains near the 2% target. Analysts Debate whether the metals signal a loss of trust or just speculative momentum, with running narratives around a “Sell America” dynamic and potential debasement shaping the outlook.