Gold prices top $5k

(CNN)– The price of gold has crossed a threshold never seen before.

Gold prices surged past $5,000 an ounce for the first time on Sunday, Jan 25.

Analysts say the spike in price comes amid worries President Trump is upending relations between the United States and its allies in Europe and Canada.

That is causing investors to stick with a reliable asset like gold.

So far this year, the price of gold has jumped 15% building on a record 65% jump in gold prices achieved last year.