Business
Gold Hits Record With Focus on Fed Independence, Iran Unrest
SOURCE:Bloomberg|BY:Yihui Xie
Gold jumped to a record high as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over its independence, while intensifying protests in Iran kept geopolitical tensions elevated.
Gold rose after US jobs data left expectations for additional US interest-rate cuts intact, while intensifying protests in Iran kept geopolitical tensions elevated.