[MARKET UPDATE] Silver and gold prices advance higher in the US morning while Dollar continues to weaken

• Upside in metals and downside in the Dollar has been seen following the news from the weekend that Federal prosecutors have opened up a criminal investigation into Fed Chair Powell over the central bank’s renovation of its Washington headquarters and whether Powell lied to Congress about the scope of the project.

The advance in silver and gold prices, coupled with a weakening dollar, suggests a risk-off sentiment reacting to the news of a criminal investigation into Fed Chair Powell. This development raises concerns about central bank credibility and could lead to a flight to safety into precious metals. Traders should watch for continued volatility in the dollar and assess how this might influence broader market sentiment and Fed policy expectations.