Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush | Metals Mine

  • Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush

    From cnbc.com

    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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