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Gold, Silver Hit Records After US Probe Targets Fed
(MENAFN- The Peninsula)
AFP
Hong Kong: Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fuelling fears over the bank's independence and raising demand for safe haven assets.
Gold vaulted toward $4,600 an ounce and silver approached $85 for the first time after Fed chair Jerome Powell warned a potential criminal indictment is part of President Donald Trump's pressure campaign on monetary policy decision.
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