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<Commodity>Gold Prices Above US$4,600 for 1st Time, as Probe on Powell Heightens Hedging Sentiment
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The Trump administration's criminal investigation into Federal Reserve Chairman Jerome Powell heightened market uncertainty, prompting investors to flock to safe-haven assets. On Monday, gold prices shattered above the historical high of US$4,600 per ounce. Spot gold peaked at US$4,630, last up by US$105 or 2.3% to US$4,615 per ounce. Gold futures for February delivery logged a record high, peaking at US$4,640 per ounce, last up by US$124 or 2.8% to US$4,626 per ounce. AASTOCKS Financial News Website: www.aastocks.com |
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