India, Jan. 12 -- Gold and silver futures surged to new record levels in domestic and global markets on Monday, as investors moved towards safe-haven assets amid escalating geopolitical tensions and concerns surrounding the US Federal Reserve and its leadership.
Sentiment was further impacted after Jerome Powell, Chair of the Federal Reserve, revealed that the US Department of Justice has served subpoenas to the central bank and threatened a criminal indictment linked to his June testimony on the Fed's USD 2.5 billion renovation project of two office buildings. The project had earlier drawn criticism from US President Donald Trump, who termed the expenditure excessive.
In the domestic market, gold prices rallied sharply on the Multi Commo...