Gold price breaks $4,600 record; GLD ETF and gold stocks jump on Powell probe
New York, Jan 12, 2026, 12:35 (EST) — Regular session SPDR Gold Shares climbed 2.4% on Monday, buoyed by gold prices soaring past $4,600 an ounce—a new record. That jump sparked renewed interest in gold-backed assets. The ETF, which mirrors bullion and trades like a stock, last changed hands at $424.45. (Financial Times) This move matters because it’s no longer just about commodities. It’s about rates and politics. Gold usually gains traction when investors question the direction of interest rates and the steadiness of policy. Spot gold climbed 2.5% to $4,620.56 an ounce in late morning trading, after hitting a