Gold price today, Wednesday, January 14: Gold price opens near $4,600 then reaches new high

Gold (GC=F) futures opened at $4,594.30 per troy ounce on Wednesday, down 0.1% from Tuesday’s closing price of $4,599.10. After the open, the price of gold rose 1.2% to an all-time high of $4,647.60. Concerns over the Federal Reserve Bank’s ability to make interest-rate decisions without political pressure has fueled gold’s latest surge. The issue flared up after the Trump administration subpoenaed Fed Chair Jerome Powell, threatening an indictment over his testimony regarding building renovations. The ...