FBI agents search a Georgia election office, part of a push to reexamine Trump's 2020 loss,
plus the backstory on the metals rally that just won't quit,
and investors reward META for growing its digital ad revenue as Big Tech's AI costs pile up.
The market is getting increasingly worried that this massive spending is needing to deliver results now.
And advertising is one of the easiest and quickest ways to monetize that with the promise of more to come.
It's Thursday, January 29th.
I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Gold.
has hit another record high,
topping the $5,500 mark for the first time as the rush to precious metals continues.
After recording its strongest annual performance since 1979 last year,
the World Gold Council said the global demand for the safe haven asset is expected to remain strong this year,
driven by lower interest rates and persistent geopolitical risks.
Deputy Finance Editor Quinton Webb says the run-up in prices means a lot of different investors are trying to get in on the trade.
We've had this long spate of elevated buying by global central banks, because in many cases,
they would like to reduce their dollar dependence and put more of their reserves into another alternative asset.
So these things are all together combining to help support gold and to create this upward push in gold prices.
In the last few years, we've seen the emergence of gold ETFs,
which now manage many billions of dollars.