Daily Wrap: Powell’s DOJ Drama Drives Safe-Haven Surge in Precious Metals as Stocks Claw Back Losses

This week was already going to be full, with: inflation data, Fed speakers (before Saturday’s Fed media blackout), and banks kicking off earnings season. News and geopolitical catalysts went into overdrive over the weekend. Most notably, Fed Chair Jerome Powell confirmed that he is the subject of a Department of Justice criminal probe tied to…