Gold hits record as Federal Reserve head faces criminal investigation.

Gold reached a record $4,600.33 per ounce after reports said the Department of Justice served grand jury subpoenas in a criminal investigation involving the head of the Federal Reserve.

Gold reached a new high after reports said the Department of Justice served grand jury subpoenas in a criminal investigation involving the head of the Federal Reserve. Bullion, often cited as a safe-haven asset, rose amid those reports. Coverage noted market reactions and questions about confidence in the US dollar. No formal charges have been announced publicly. Key points: - The Department of Justice is reported to have served grand jury subpoenas in a criminal investigation related to the head of the Federal Reserve. - Gold prices jumped to a record $4,600.33 per ounce following the reports. - Officials have not announced formal charges, and the investigation is reported as ongoing. Summary: The immediate market effect included a sharp rise in gold as investors sought safety following the reports. The Justice Department’s reported service of grand jury subpoenas is the noted procedural step and the investigation remains ongoing; further developments are undetermined at this time.