The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.
Gold's surge over the past 12 months hasn't kept investors from seeking exposure to it in 2026 — although an investment strategy team at Goldman Sachs isn't a fan of the precious metal as a diversifier in portfolios.
Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.
