Gold retreated slightly from record levels as U.S. inflation softened and the dollar strengthened, yet bullish momentum persisted thanks to safe-haven flows driven by mounting pressure on the Federal Reserve. The picture shifted dramatically for silver—it smashed through to record highs, climbing above $89 an ounce. Market participants are closely watching these moves as Citi's analysts have turned notably bullish, projecting gold could surge toward $5,000 while silver extends toward $100. The divergence tells a story: while headline pressures ease, geopolitical tensions and policy uncertainty keep investors rotated into hard assets. For those tracking macro cycles, this precious metals rally signals renewed appetite for real assets and hedges against uncertain central bank paths.