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It was a big start to the week for the gold and silver futures, and there was also more Trump administration and Fed news.

The gold futures climbed $52 to $3,410.
 

Meanwhile, silver climbed 77 cents to get back over the $39 level to $39.23.
 

However, the big news of the day was Treasury Secretary Scott Bessent (whose name has come up a lot recently in the conversation for the next Fed Chair) suggesting a review of the Fed.
 

I’m guessing it’s safe to say that whatever review or changes they could even conceivably make would not include raising interest rates. And once again, whether it’s Powell, or whoever’s coming next, it’s a pretty safe bet that rates are going lower.

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