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The Guardian - UK

Business

Patrick Commins and Phillip Inman

Gold price jumps above $5,000 an ounce for first time amid Trump turmoil

Gold United States Steve Miller Oil Donald Trump Inauguration US Dollar

Stacks of 24-carat gold bars — The price of gold reached as record high of $5,100 on Monday morning, before easing back to $5,091. Photograph: Shannon Stapleton/Reuters

The price of gold has jumped above $5,000 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.

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