Hong Kong, Jan 12, 2026 (AFP) - Asian equities, precious metals surge as US Justice Dept targets Fed

NAMPA / AFP
2026-01-12
Asian equities gained on Monday and precious metals set records as investors digested news that the US Justice Department is probing the Federal Reserve, raising fears over US central bank independence. Fed Chair Jerome Powell confirmed the "unprecedented" move late on Sunday, which he blasted as part of US President Donald Trump's pressure campaign for another rate cut. Gold surged 1.6 percent to nearly $4,600 an ounce, while silver approached $......
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