Gold price today: Spot holds above $4,300 as Fed cut talk supports bullion; GLD inches up
NEW YORK, January 2, 2026, 13:40 ET — Regular session Gold prices rose in early 2026 on Friday, with spot gold up 0.3% at $4,328.49 an ounce by 12:24 p.m. ET after earlier touching $4,402.06. Reuters The move matters because bullion is starting the year near record territory after a blistering 2025 run, and investors are resetting positions around the outlook for U.S. interest rates. Gold hit an all-time high of $4,549.71 on December 26 and gained 64% in 2025, Reuters reported. Reuters Traders are focused on rate-cut expectations because gold does not pay interest; lower yields reduce the opportunity