By Pablo Sinha Jan 27 (Reuters) — Gold climbed on Tuesday, trading just below the $5,100-per-ounce threshold first breached in the previous session as uncertainty around U.S. President Donald Trump’s policymaking prompted investors to seek safety in bullion. Spot gold rose 1.2% to $5,073.52 per ounce as of 1155 GMT; it had hit an all-time high of $5,110.50 on Monday.

  • Price (spot): $5,073.52 per ounce (as of 1155 GMT, Jan 27)
  • All-time high: $5,110.50 per ounce (breached Monday)
  • Date and source: Jan 27, Reuters (Pablo Sinha)
  • Market focus: US-driven safe-haven demand for bullion

Where this sits in current market trends

The move reconfirms bullion’s role as a tactical refuge during episodes of policy uncertainty. The sharp intraday rise and the recent record underline that investors are shifting allocation toward hard assets when geopolitical or domestic policy signals are perceived as unsettled. For market participants this is less about jewellery aesthetics and more about raw metal liquidity: spot moves at this scale alter working capital for holders of physical gold and change the cost basis for any product that uses fine gold as its raw material.

Why US jewellers, wholesalers and investors should take note

A sustained gold price at these levels immediately affects inventory valuation for retailers and wholesalers holding bullion or finished stock. Higher spot prices raise replacement cost for items cast in 18k and 24k gold — whether satin-finished cuffs or pieces with substantial physical heft — and can compress gross margins unless retail pricing or hedging is adjusted. For independents and chains alike, the choice is operational: absorb short-term margin pressure, pass costs to consumers, or employ hedging instruments to lock in metal costs.

For investors and market-facing buyers, the price action is a reminder that policy-driven volatility can prompt rapid reallocation into bullion. That dynamic supports bullion liquidity but also increases the opportunity cost of holding large unsold metal inventories. Any merchandising or procurement strategy should therefore account for elevated replacement costs and the potential need for clearer communication to customers about pricing drivers — particularly in the US bridal and accessible-luxury segments where metal content materially affects cost.

Reporting by Pablo Sinha; Reuters.

Image Referance: https://www.msn.com/en-us/money/markets/gold-rises-as-investors-seek-safety-amid-us-policy-jitters/ar-AA1V54OI