Gold Smashes Through $5,300 — Powell Says “Nothing to See Here” As markets roared into 2026, the price of gold skyrocketed to an all-time high above $5,300 an ounce — a staggering move even in the current climate of geopolitical risk and monetary instability. But when pressed about the implications of this historic rally, Federal Reserve Chairman Jerome Powell shrugged it off. “We don’t get spun up over particular asset prices,” Powell claimed during his recent press conference, despite rising public anxiety and investor flight to hard assets. His message? The Fed’s credibility remains intact. Inflation expectations are anchored. And gold’s price movement is merely background noise. This is a classic case of central bank deflection — and it’s exactly…
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