The length of the chord of a circle can be found using the formula:
\[
l = 2r \sin \left(\frac{\theta}{2}\right)
\]
where \(r = 4 \, \text{cm}\) and \(\theta = 60^\circ\). Substituting the values:
\[
l = 2 \times 4 \times \sin \left(\frac{60^\circ}{2}\right) = 8 \times \sin 30^\circ = 8 \times \frac{1}{2} = 4 \, \text{cm}
\]
Thus, the correct answer is option (4).