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Daily brief · Monday, January 12, 2026

Gold and silver set fresh records as Fed-independence worries hit the dollar

Gold closed at $4,612.95/oz (+2.65%) and silver at $84.07/oz (+7.59%) as safe-haven demand rose and the dollar weakened. Much of today’s coverage tied the move to renewed uncertainty around the Federal Reserve and U.S. politics, alongside broader risk-off positioning.

AI summaryWritten automatically with AI from 27 linked reports and our own price data, Oct 21, 2:29 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for January 12, 2026

Gold $4,612.95 +2.65% 30d +6.1% Silver $84.07 +7.59% 30d +30.3% Platinum $2,374.00 +4.03% 30d +33.8% Palladium $1,865.00 +1.75% 30d +21.4%

Tone of the reports: Leaning higher

What happened

  1. Gold hit new record highs as the dollar fell amid reports that U.S. prosecutors targeted Fed Chair Jerome Powell, adding to Fed-independence concerns.

    SourcesReuters: Gold leaps to record high, dollar drops as US prosecutors target Fed's PowellCNBC: 'Sell America' trade: Dollar drops, gold surges as Trump's Fed ...

  2. Kitco said gold and silver pushed to record highs on risk aversion and safe-haven buying.

    SourcesKitco News: Powerful rallies send gold, silver to record highs amid risk aversion2: Power price rallies push gold, silver to record highs on safe-haven demand

  3. Action Forex attributed the breakout to renewed U.S. political and Fed uncertainty, and also flagged geopolitical tensions as a driver in early trading.

    SourcesAction Forex: XAU/USD: Gold Hits New Record High at $4,6002: Gold Price Breaks Above $4,600 for the First Time

  4. Reuters said Wall Street wobbled while gold revived as Trump pursued a central banker, underscoring broader cross-asset uncertainty.

    SourcesReuters: Wall Street wobbles, gold resurgent as Trump pursues central banker

  5. The World Gold Council told Kitco that while gold has surged above $4,600, it sees “real resistance” around $4,770/oz.

    SourcesKitco News: Gold prices ride geopolitical shockwaves above $4,600, but real resistance lies at $4,770/oz – World Gold Council

  6. Investing.com said gold’s Fed-driven momentum could be tested by incoming data, while also noting broader worries including tariffs and other risks in markets coverage.

    SourcesInvesting.com: Gold Near $4,600 Tests the Limits of Fed-Driven Momentum ...2: Gold Smashes Records, Silver Coils as History Threatens to Repeat ...

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

What to watch

  • This weekInflation dataInvesting.com said incoming data could test the market’s rate- and Fed-driven momentum that has helped propel gold higher in recent sessions.
  • This weekKey bank earningsInvesting.com flagged major earnings as part of a busy week that could sway broader risk sentiment, which several reports linked to safe-haven flows into bullion.

Metal by metal

Gold $4,612.95 +2.65%

Reports widely linked gold’s record run to a weaker dollar and a surge in safe-haven demand driven by Fed-independence worries, U.S. political uncertainty, and geopolitical tensions. Kitco also cited World Gold Council commentary pointing to potential technical resistance around $4,770/oz.

Gold headlines

Silver $84.07 +7.59%

Kitco and Action Forex said silver joined gold at fresh all-time highs on safe-haven demand and Fed-related uncertainty. Investing.com added that silver appeared more hesitant in parts of the move, describing it as “coiling” even as gold made records.

Silver headlines

Platinum $2,374.00 +4.03%

No report focused on platinum.

Platinum headlines

Palladium $1,865.00 +1.75%

No report focused on palladium.

Palladium headlines

The day’s reports

28 reports, most important first, New York time.

  1. 12:05 PM Kitco News · 12:05 PM▲ Reports a rise Powerful rallies send gold, silver to record highs amid risk aversion Kitco says powerful rallies pushed gold and silver to record highs as investors sought safety.
  2. 9:39 AM Reuters · 9:39 AM▲ Reports a rise Gold leaps to record high, dollar drops as US prosecutors target Fed's Powell Reuters says gold jumped to a record high as the dollar fell and U.S. prosecutors targeted Fed Chair Powell.
  3. 8:03 AM Action Forex · 8:03 AM▲ Reports a rise XAU/USD: Gold Hits New Record High at $4,600 Gold hit a new record high near $4,600 amid renewed U.S. political and Fed uncertainty.
  4. 7:53 AM Yahoo Finance · 7:53 AM▲ Reports a rise Gold price today, Monday, January 12: Gold price rises above $4,600 after Powell subpoenas Gold futures rose above $4,600 and opened higher on Monday.
  5. 3:40 AM Action Forex · 3:40 AM▲ Reports a rise Gold Price Breaks Above $4,600 for the First Time Gold briefly broke above $4,600 to a new all-time high on geopolitical tensions.
  6. 7:00 PM Investing.com · 7:00 PM Gold Smashes Records, Silver Coils as History Threatens to Repeat ... Investing.com says gold hit records while silver lagged as market worries about tariffs and related risks grew.
  7. 7:00 PM Fortune · 7:00 PM▲ Reports a rise 'Sell America': Stock investors dump U.S. assets in fear of end of Fed ... Fortune says investors sold U.S. assets as gold futures jumped to a new record high above $4,600.
  8. 7:00 PM Kitco News · 7:00 PM▲ Reports a rise Gold hits new highs above $4,600 as Trump's DoJ threatens Federal ... Kitco News says gold set new highs above $4,600 as political tensions and DOJ threats shook markets.
  9. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold prices hit record high above $4,600/oz on Iran unrest, Fed ... Investing.com reports gold prices hit a record above $4,600 an ounce on Iran unrest and Fed concerns.
  10. 4:24 PM Reuters · 4:24 PM▲ Reports a rise TSX hits another record high as Fed uncertainty boosts gold Reuters says Toronto stocks hit another record high as Fed uncertainty boosted gold.
  11. 1:31 PM Kitco News · 1:31 PM▲ Reports a rise Gold prices ride geopolitical shockwaves above $4,600, but real resistance lies at $4,770/oz – World Gold Council The World Gold Council says gold has surged above $4,600 and sees real resistance around $4,770 per ounce.
  12. 12:53 PM Action Forex · 12:53 PM▲ Reports a rise Fed Chair Powell is Under Attack – Silver (XAG/USD) and Gold (XAU/USD) Fresh All-Time Highs Action Forex says Fed Chair Powell is under attack as gold and silver hit fresh all-time highs.
  13. 12:08 PM CNBC · 12:08 PM▲ Reports a rise 'Sell America' trade: Dollar drops, gold surges as Trump's Fed ... CNBC says the dollar dropped and gold surged as markets reacted to fresh Fed-independence worries.
  14. 11:30 AM Reuters · 11:30 AM▲ Reports a rise Wall Street wobbles, gold resurgent as Trump pursues central banker Reuters says Wall Street wobbled while gold recovered as Trump pursued a central banker.
  15. 8:15 AM Kitco News · 8:15 AM▲ Reports a rise Power price rallies push gold, silver to record highs on safe-haven demand Gold and silver rallied to record highs on safe-haven demand.
  16. 5:56 AM Action Forex · 5:56 AM▲ Reports a rise Dollar Index (DXY) Turns Lower The dollar index moved lower as capital flowed into gold on rising geopolitical and market risks.
  17. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Markets Week Ahead: Key Bank Earnings, Inflation Data Take ... Investing.com says gold approached $4,600 and silver neared all-time highs as investors weighed risks and rates.
  18. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold Near $4,600 Tests the Limits of Fed-Driven Momentum ... Investing.com analyzes gold near $4,600 and says Fed-driven momentum could be tested by incoming data.
  19. 7:00 PM Yahoo Finance · 7:00 PM▲ Reports a rise Gold & silver prices surge, credit card stocks fall on Trump comments Yahoo Finance reports gold and silver prices surged after Trump-related comments moved markets.
  20. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Five things to watch in markets in the week ahead By Investing.com Investing.com says gold has risen and the U.S. dollar has weakened ahead of the week's market events.
  21. 7:00 PM MarketWatch · 7:00 PM▲ Reports a rise Materials Up as Silver, Gold Rally Pushes Sector to Leading ... MarketWatch says silver and gold rallies lifted the materials sector to the top of the market.
  22. 4:09 PM Reuters · 4:09 PM How investors buy gold and what fuels the market Reuters explains how investors buy gold and what is driving the market.
  23. 12:59 PM Kitco News · 12:59 PM▲ Reports a rise Geopolitical chaos fuels gold and silver rally toward key milestones - Solomon Global’s Cawley Kitco reports that geopolitical chaos is fueling a rally in gold and silver toward key milestones.
  24. 11:48 AM Kitco News · 11:48 AM Precious metals ETF holdings still short of ATHs, but history suggests downside risk to prices – Heraeus Heraeus says precious-metals ETF holdings remain below record highs, though history points to downside risk for prices.
  25. 9:28 AM Reuters · 9:28 AM▲ Reports a rise TSX futures gain as gold rallies on Fed independence concerns Reuters says TSX futures rose as gold rallied on renewed concerns about Fed independence.
  26. 6:40 AM Benzinga · 6:40 AM▲ Reports a rise Gold Miners Are Set For An Explosive Earnings Season - Alamos Gold (NYSE:AGI), VanEck Gold Miners ETF (ARCA:GDX) Benzinga says gold miners could have an explosive earnings season thanks to record bullion prices.
  27. 4:50 AM FXStreet · 4:50 AM▲ Reports a rise Gold breaks above December high – Société Générale Société Générale said gold rebounded above its December high, signaling renewed upside momentum.
  28. 7:19 AM Kitco News · 7:19 AM Gold market analysis for January 12 - key intra-day price entry levels for active traders Kitco published gold market analysis with key intraday price entry levels for active traders.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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