Bitcoin remains subdued as gold races to new record above $5,400 following Jerome Powell remarks

The bull market in gold ratcheted into a higher gear on Wednesday, with the yellow metal soaring 6% to above $5,400 per ounce for the first time. Silver and platinum posted even larger percentage gains, but gold, with a market capitalization somewhere in the $40 trillion area, was surely the standout asset. A sizable chunk of gold's gains came following comments from Federal Reserve Chairman Jerome Powell at a press conference following the central bank’s universally expected decision to hold its benchm ...