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Created Date: January 12, 2026 08:36
Gold and silver prices broke records again as investors sought a safe haven as a result of the investigation into the US Central Bank, the Fed, and geopolitical tensions. However, the picture has changed again in gram and quarter gold prices. Here is the current gold and silver price information for January 12
Gold prices broke a record due to investors’ demand for a safe haven following the US Federal Reserve’s geopolitical tensions and the investigation into the Fed.
The spot gold price, which reached $4601 in the morning, is at $4598, an increase of 2 percent compared to Friday, although it experienced a slight correction in the following hours.
Gram gold dropped to 6372 TL after breaking a record with 6382 TL in the morning.
Spot silver, which broke record after record in 2025, exceeded 84 dollars and broke a record at 84.40.
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According to the New York Times, federal prosecutors launched an investigation involving Fed Chairman Powell. The investigation was opened due to renovation works carried out at the Fed headquarters.
Fed Chairman Jerome Powell described the investigation as an excuse. Powell stated that the investigation was an intimidation to him and those who will head the Fed in the future.
US President Donald Trump frequently criticized Powell, who heads the Fed, for not lowering interest rates enough.
On the other hand, geopolitical developments also shape gold. While more than 500 people were reported to have died in the protests in Iran, the Tehran administration announced that it could target US military bases if President Donald Trump carries out his attack threats.
The Trump administration is considering hitting critical targets in the country due to Iran’s harsh attitude towards protesters.
