Gold breaches $4,600/oz for first time ever as Powell-Trump rift stokes safe-haven demand
Jan 12 (Reuters) - Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe-haven assets amid heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.
#GOLD Spot gold jumped 1.7% to $4,584.74 per ounce by 0752 GMT. Bullion hit a record high of $4,600.33 earlier in the day.
So, between events in Iran, and potential U.S. involvement, and the (Fed) chair being the focus of a criminal probe... U.S. futures turned lower on the Powell news, which was a green light for gold to take a run higher," said Tim Waterer, KCM Trade's chief market analyst.
#bitcoin #MEME $BTC Unrest in Iran has killed more than 500 people, a rights group said on Sunday, as Tehran threatened to target U.S. military bases if President Donald Trump carries out his renewed threats to strike the country on behalf of protesters.
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