Gold price hits $4,641 record as Powell probe and Fed cut bets send silver above $92
NEW YORK, January 14, 2026, 14:45 EST Gold and silver pushed further into record highs on Wednesday, with spot gold reaching $4,641.40 an ounce and silver climbing to $92.23 as investors flocked to safe havens. By 1:38 p.m. ET, spot gold had gained 0.9%, trading at $4,628.68, while U.S. gold futures closed at $4,635.70. (Reuters) The shift is significant as the market wrestles with easing expectations amid a political battle centered on the Federal Reserve. Traders are betting on rate cuts, even as a criminal probe into Fed Chair Jerome Powell sparks fresh doubts about the central bank’s autonomy. Gold