Gold hits record high, dollar slides as US targets Fed

The dollar mostly fell and gold hit a record high on Monday as investors digested news that the US Justice Department is probing the Federal Reserve, raising fears over the central bank's independence against President Donald Trump's push for lower rates.Powell said in his statement that "the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president".