Wall Street Credit Card Proposal Drags Stocks as Gold Rallies on Rate Bets

Wall Street is feeling the pinch of new regulations while gold investors cheer a potential shift in monetary policy. According to Reuters, major indices slipped on January 14, 2026, as a new credit card proposal spooked the banking sector, even as bets on rate cuts pushed gold prices higher.

The Impact of the Wall Street Credit Card Proposal

The financial sector took a hit following a legislative proposal aimed at capping credit card fees. This regulatory move targets a primary revenue stream for major banks and card issuers, leading to a noticeable retreat in financial stocks. Analysts suggest that if the proposal gains traction, it could fundamentally reshape the profitability of consumer lending for years to come.

Gold Gains Momentum on Dovish Expectations

While equities struggled, the bullion market found its footing. Investors are increasingly betting on upcoming interest rate cuts, a scenario that traditionally boosts non-yielding assets like gold. As market participants anticipate a softer stance from the Federal Reserve, gold has re-emerged as a favored hedge against economic uncertainty.