Gold, silver hit record highs as US Justice Department investigation targets Federal Reserve
Gold bars and Sovereign gold coins are on display at Baird & Co in Hatton Garden in London, Britain on October 8, 2025. — Reuters Federal Reserve chief confirms Justice Department probe. Gold jumped 1.6% to nearly $4,600 an ounce. Silver neared $85 an ounce. the dollar is down 0.2%. SINGAPORE/HONG KONG: Gold and silver hit fresh record highs on Monday as investors digested news that the US Justice Department is investigating the Federal Reserve, raising fears about the US central bank’s independence. Federal Reserve Chairman Jerome Powell confirmed the “unprecedented” move late Sunday, which he denounced as part of












