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Gold hits records as US policy rattles investors
The Freeman
|January 28, 2026
Gold prices jumped to fresh records Monday on rising worries about geopolitics, tariff threats and another potential US government shutdown while Wall Street stocks drifted higher ahead earnings from tech giants.
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The dollar fell, meanwhile, amid speculation of US-Japanese central bank coordination to support the yen.
Gold climbed above $5,100 an ounce before retreating a bit as markets react to rising global uncertainty set off by US President Donald Trump's policies and statements, including threats to impose deep tariffs on China.
"It vaulted over the psychologically important 5,000 mark on a glittering streak, heading sharply higher as trade tensions emanating from the US unnerved investors," said Susannah Streeter, chief investment strategist at Wealth Club.
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