Gold price jumps above $5,000 an ounce for first time amid Trump turmoil
The Guardian·2026-01-27 00:05

The price of gold has jumped above 5,000anounceforthefirsttimeasDonaldTrumpschaoticpoliciesandproclamationsdrivemoreinvestorstoseeksafeharbourinthepreciousmetal.Goldreachedarecordhighof5,000 an ounce for the first time as Donald Trump’s chaotic policies and proclamations drive more investors to seek safe harbour in the precious metal.Gold reached a record high of 5,100 (£3,723) on Monday morning, before easing back to settle up 2.2% at $5,091.The moment came after Trump threatened Canada with 100% tariffs if Ottawa made “a deal with China”, and after the US president’s showdown with Europe over the future of Greenland.With global financial markets alre ...