HONG KONG, Jan 12 — Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fuelling fears over the bank’s independence and raising demand for safe haven assets.

Gold vaulted toward US$4,600 (about RM18,694) an ounce and silver approached US$85 for the first time after Fed chair Jerome Powell warned a potential criminal indictment is part of President Donald Trump’s pressure campaign on monetary policy decisions. — AFP