Why did gold price today surge above $4,600?

Safe haven buying accelerated after reports the DOJ opened a criminal probe into Fed Chair Powell, increasing policy uncertainty. That pushed New York futures to $4,614.70 and spot above $4,600. Concerns over growth, geopolitics, and inflation expectations also supported bids, driving broad interest from funds and retail.

How could the Powell criminal probe affect gold from here?

If the probe clouds the Fed’s path or delays clear guidance, haven flows may persist, supporting prices. If authorities provide clarity and markets regain confidence, some premium could fade. We think positioning and headlines will drive day-to-day moves more than data until the investigation’s trajectory is known.

Is the GLD ETF a good way for Japan-based investors to gain exposure?

GLD offers deep liquidity, transparent holdings, and trades during US hours. It tracks bullion less expenses and avoids storage logistics. Yen-based returns depend on USDJPY, so decide on hedged or unhedged exposure. Check brokerage access, fees, and NISA eligibility before deciding how it fits your allocation.

What levels should GLD traders watch now?

Momentum is firm with RSI 60.5 and ADX 26.9, but price sits above the Bollinger upper band near 417.9. Potential pullback zones include the 401 area, near middle bands and Keltner centerline. For risk control, many use stops around 1 to 1.5 times ATR near $6.7 to $10.

Global Market Insights

GLD Stock Today: Gold Tops $4,600 on Powell Probe, January 13

ByHuzaifa Zahoor January 13, 2026January 13, 2026

Gold price today jumped to fresh records on January 13, with New York futures settling at $4,614.70 per ounce and spot prices piercing $4,600. Reports of a Powell criminal probe fueled safe haven demand and clouded the Fed policy path. For Japan-based investors, currency swings and BOJ decisions add another layer to the trade. The GLD ETF rallied as investors sought liquid exposure to the move. We break down drivers, GLD metrics, technicals, and strategy. We also outline risks, key levels, and what to watch this week.