Gold price today, Tuesday, January 13, 2026: Gold opens above $4,600 after setting new high

Core Viewpoint - The price of gold is influenced by various factors, including interest rates, political pressures, and market speculation, with current prices showing a slight decline from recent highs. Price Trends - Gold futures opened at $4,610 per troy ounce, down 0.1% from the previous closing price of $4,614.70, with an all-time high reached at $4,620 [1][4] - Over the past year, gold has seen a significant increase of 74.5% as of December 29, with a weekly increase of 3.6% and a monthly increase of 7.8% [4][7] Market Influences - The investigation into Fed Chair Jerome Powell by the Trump administration may continue to impact gold prices in 2026, as it raises concerns about the Federal Reserve's independence and its ability to control inflation [2] - Lower interest rates are beneficial for gold, as they reduce the income from competing assets like cash [3] Investment Considerations - Investors should be aware of price risk when purchasing gold at high prices, as buying high in hopes of short-term gains can be a challenging strategy [9] - Gold is increasingly viewed as a diversification asset for both central banks and individual investors, recovering from decades of low prices [9] - It is advised that gold should primarily act as a stabilizer in a diversified portfolio rather than a driver of high returns [10] Speculation Risks - Positions in gold, whether in bullion, coins, or ETFs, should be viewed as speculative due to the unpredictable nature of commodity prices influenced by macroeconomic and political factors [11]