Gold Surges to Record High as Powell Probe Revives Concerns About Fed Independence

Gold prices surged to a record high Monday as investors turned to the traditional safe haven amid fresh concerns that the independence of the Federal Reserve could be jeopardized. The Justice Department on Friday threatened Fed Chair Jerome Powell with criminal indictment related to his testimony before the Senate last June, according to a statement released Sunday. Powell dismissed the Justice Department's investigation into his testimony as "pretexts†for the White House to resume pressuring the Fed to low ...