00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Gold and silver prices surged to record highs on Monday, as a criminal probe by the Trump
00:07administration into Federal Reserve Chair Jerome Powell drove investors toward safe haven assets.
00:13According to CNBC, Spot Gold rose 1.9% to $4,596.05 per ounce after hitting a record $4,600.33,
00:23while U.S. gold futures for February gained 2.3% to $4,606.20.
00:32Wall Street futures, and the dollar fell as tensions between the Fed and the administration escalated.
00:38An analyst at MarketPulse said,
00:41Challenges to the Fed's independence are pushing political risk into the U.S. dollar
00:45and driving investors toward hard assets.
00:48Trump said,
00:49He is considering strong responses, including military options, to a violent crackdown on Iranian protests.
00:56Iran's unrest follows Trump's recent international actions,
00:59including ousting Venezuelan President Nicolas Maduro
01:02and discussing acquiring Greenland by purchaser force.
01:06Spot silver jumped 5.5% to $84.32 per ounce,
01:11while platinum rose 4.6% to $2,376.75.
01:17For all things money, visit Benzinga.com.
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