Gold Prices Hit Record High Above $4,600/oz Amid Iran Unrest & Fed Indictment Threat

Gold shot up past $4,600 an ounce on Monday—its highest price ever. People all over the world rushed to buy as markets got rattled by growing political chaos and a sense that nobody really knows what’s next for the economy. Investors wanted something solid, so they piled into gold with record speed.

So, what’s behind this wild rally?

First, there’s Iran.

The country’s in turmoil, with huge protests and violence in the streets. Over 500 people have died, according to reports. Nobody trusts what’s going to happen next, so investors are grabbing gold like a lifeboat.

Then, there’s trouble brewing for the Federal Reserve.

Political pressure in the U.S. is ramping up. Jerome Powell, the Fed’s chair, announced he’s been hit with grand jury subpoenas tied to his testimony in Congress. That’s a big deal—it makes people worry about whether the central bank can really do its job. The dollar dropped, and gold looked even more attractive in comparison.

Add in the falling dollar and shaky stock futures,

And it’s no wonder people are shifting more money into precious metals. There’s just a lot of uncertainty out there, and gold feels like a safer bet.

And it’s not just gold making headlines.

Silver hit its own record, and platinum and palladium aren’t far behind. Investors are spreading out across all the safe–haven metals.

So, what does all this mean if you’re investing?

With gold smashing through $4,600, a lot of analysts think demand will stay strong as long as the world feels this unstable. Gold isn’t just a shiny rock—it’s a shield against wild swings in currencies and markets.

Of course, the price will bounce around. It always does. What happens next depends on U.S. monetary policy, global politics, and all those economic numbers that come out every week. If you’re investing, keep your eyes open and don’t sleep on the timing—it matters, now more than ever.

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Gold’s breakout above $4,600/oz marks a defining moment in the commodities market. Don’t miss future insights and price trend updates. Subscribe to our newsletter now!

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