Gold surged to a new record above $4,600 an ounce as investors sought safe-haven assets amid geopolitical tensions and market uncertainty.

Concerns over a criminal investigation into Federal Reserve Chair Jerome Powell fueled speculation about potential leadership changes and faster interest-rate cuts.

Unrest in Iran and recent U.S. actions in Venezuela added to the sense of global risk, boosting demand for gold.

A weaker U.S. dollar and continued policy uncertainty further supported the rally, CNBC has reported.

Overall, the surge reflects strong investor caution and the ongoing appeal of gold as a hedge against economic and political instability.