Gold prices broke above $4,600 an ounce for the first time on Monday, as escalating geopolitical uncertainty and a criminal investigation into Federal Reserve Chairman Jerome Powell fueled a rush for safe-haven assets. January 12 (Reuters) – Gold prices broke above $4,600 an ounce for the first time on Monday, while silver also hit a record high. Investors rushed to buy safe-haven assets amid heightened geopolitical uncertainty and a criminal investigation into Federal Reserve Chairman Jerome Powell. #Gold As of 07:52 GMT, spot gold was up 1.7% at $4,584.74 an ounce. Earlier in the day, gold prices touched a record high of $4,600.33 an ounce. “Given the situation in Iran, the possibility of U.S. intervention, and the criminal investigation into Fed Chairman Powell… news from Powell caused U.S. stock index futures to fall, which gave the green light for gold to rise,” said Tim Waterler, chief market analyst at KCM Trade. #Bitcoin #Meme $BTC {spot}(BTCUSDT) A human rights organization said on Sunday that the unrest in Iran has killed more than 500 people. Meanwhile, Tehran threatened that Iran would attack US military bases if President Trump again threatened to launch attacks on Iran on behalf of protesters. #BinanceHoldingTurtle #News $ETH {spot}(ETHUSDT) $XRP {spot}(XRPUSDT)