Gold price today, Monday, January 12: Gold price rises above $4,600 after Powell subpoenas

Gold (GC=F) futures opened at $4,529.10 per troy ounce on Monday, up 0.6% from Friday’s closing price of $4,500.90. The price of gold rose above $4,600, a record high, after the open. Gold surged to a new high after Fed Chair Jerome Powell announced the Justice Department had subpoenaed the central bank and threatened criminal charges. The move stems from Powell’s testimony before the Senate Banking Committee on renovations to the Fed's office building. U.S. President Trump denied involvement in the inv ...