Gold Surges Past $4,600/oz as Powell-Trump Rift & Geopolitical Tensions Fuel Safe-Haven Demand

• Spot gold reached a record high of $4,600.33 per ounce, with U.S. gold futures also firming.
• The surge is attributed to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.
• Unrest in Iran, with threats against U.S. military bases, and President Trump's international actions contribute to market instability.
• Powell revealed Trump administration threats of criminal indictment over Congressional testimony, impacting the dollar and U.S. equities.
• Analysts anticipate continued central bank appetite for gold and silver as a lower-risk alternative amid low-interest rates and uncertainties.

Why It Matters: Gold and silver hit record highs driven by geopolitical tensions, the Powell-Trump rift, and safe-haven demand.