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Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush
Gold hit a fresh record high on Monday, extending a blistering rally as investors piled into havens amid a swirl of geopolitical and policy shocks in recent days. Spot gold advanced 2% to hit over $4,600 an ounce for the first time, before paring gains slightly, data from LSEG showed. Prices have risen around 6% this year alone so far. An investigation into Federal Reserve Chairman Jerome Powell and speculation over whether it could hasten a leadership change at the Fed has added a fresh layer of policy risk: “Especially if it results in him stepping down and then leaving the Fed earlier than scheduled and is ... (full story)
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FEDERAL PROSECUTORS OPEN PROBE INTO FED CHAIR POWELL OVER FED HQ RENOVATIONS – NYT
Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m ...
From finance.yahoo.com | Jan 11, 2026
Gold jumped to a record high as the US Justice Department threatened the Federal Reserve with a criminal indictment, while intensifying protests in Iran kept geopolitical tensions elevated. Bullion rose to just shy of $4,600 an ounce on Monday after Fed Chair Jerome Powell said the central bank had been served grand jury subpoenas from the Justice ...
