Gold price today smashes $4,900 record, pulling GLD and miners higher in U.S. trade
New York, January 22, 2026, 13:52 EST — Regular session Spot gold surged above $4,900 an ounce for the first time on Thursday, reaching a new peak at $4,904.66. U.S. gold futures climbed 1.2% to $4,896.2. Silver and platinum also rallied, with spot silver gaining 3.5% to $96.45 and spot platinum jumping nearly 4% to $2,580.1. (Reuters) Gold is reclaiming its role as the market’s preferred hedge amid a softer dollar and growing bets that the Federal Reserve will ease rates later this year. The U.S. dollar index, which tracks the dollar against major currencies, dropped about 0.4%, giving bullion