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Federal Reserve 27 January 2026

US retail sales surprise intensifies Fed pause barbell position
Silver price stays above $100 after record spike as Fed decision looms

Silver price stays above $100 after record spike as Fed decision looms

Spot silver surged 4% to $108.05 an ounce by 11:35 a.m. EST Tuesday, following a record high of $117.69 in the previous session. Traders are digesting President Donald Trump’s new tariff proposals on South Korean imports alongside a looming U.S. government funding deadline. Silver has rallied over 50% so far in 2026, after jumping 146% last year. Bank of America’s Michael Widmer warned of “a lot of volatility ahead” amid the ongoing Federal Reserve meeting. Citi bumped its short-term silver target sharply, from $100 to $150 an ounce.
Gold price today: Near $5,100 again as the Fed meeting and tariff threats keep haven bids alive

Gold price today: Near $5,100 again as the Fed meeting and tariff threats keep haven bids alive

Gold prices hovered near record peaks Tuesday, continuing a rally fueled by shifting policy news that keeps markets on edge. Spot gold climbed 1.5% to $5,090.94 an ounce by 11:35 a.m. EST, after hitting a record of $5,110.50 on Monday. February U.S. gold futures edged up 0.1% to $5,086.90. The metal has surged roughly 18% this year. Michael Widmer, a commodities strategist at Bank of America, pointed out that “rallies normally end because the drivers that took people into the gold market originally dissipate - and that’s just not the case.”
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