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Evening Standard
Evening Standard
Anna Wise

Gold price soars to new record as US Federal Reserve faces fresh threats

US Federal Reserve United States Gold IG Donald Trump Jerome H Powell Jerome Powell US Dollar
Gold prices have shot up by about 70% over the past year (Alamy/PA) -

The price of gold has soared to a new record high as concerns about fresh threats to the independence of the US central bank fuel demand for the asset.

The metal climbed by around 2% on Monday morning to a high of 4,600 US dollars (£3,415) per ounce, beating a previous record set in late December.

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