Gold prices have surged past $5,000, reaching over $5,300 as investors seek safe haven assets amid geopolitical tensions. Silver also rose significantly. The dollar has weakened due to erratic policies, affecting US exports and making gold cheaper for foreign buyers. The Federal Reserve's upcoming rate decision is anticipated to impact markets, with concerns about the independence of the Fed following a subpoena related to Chair Jerome Powell. Stock markets in Europe opened lower, while US futures showed mixed results.