Gold smashes new record of $4,600 as Powell probe and global flashpoints ignite safe-haven rush [MSNBC.com]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: MSNBC.com
One kilogram gold bars stacked at the Perth Mint Refinery, operated by Gold Corp.Matt Jelonek | Bloomberg | Getty ImagesGold 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.Aninvestigation intoJerome PowellFederal prosecutors are examining a$2.5 billion renovationLoading chart...The scenario that theappointment of a new Fed ChairTensions with Iran have resurfaced after Washington signaled it isweighing options to respond to unrest"They all add to the narrative of heightened geopolitical uncertainty that led us to pick gold as one of highest conviction asset classes this year," said Rajat Bhattacharya, senior investment strategist at Standard Chartered.While the U.S. action in Venezuela has appeared to reach
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