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Gold cracks $4,600; Fed fans security assets rush
Business World Philippines
|January 14, 2026
GOLD hit a record above $4,600 per ounce on Monday and silver reached a fresh peak as investors piled into safe-haven assets after uncertainty deepened over a Trump administration criminal probe into US Federal Reserve Chair Jerome H. Powell.
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Spot gold was up 2.2% at $4,609.58 per ounce as of 1:38 p.m, ET (1838 GMT), after earlier hitting a record high of $4,629.94. US gold futures for February delivery settled 2.5% higher at $4,614.70.
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