Jan 27 (Reuters) - Gold rose on Tuesday, after breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver too hovered near all-time highs.<h3>FUNDAMENTALS</h3><ul><li>Spot gold (XAU=) climbed 1.1% to $5,068.05 per ounce, as of 0121 GMT, after scaling a record $5,110.50 the previous day.</li><li>U.S. gold futures (GCcv1) for February delivery added 0.4% to $5,063.0 per ounce.</li><li>Making things murkier geopolitically, U.S. President Donald Trump said on Monday he would raise tariffs on South Korean autos, lumber, and pharmaceuticals imports to 25%, while criticizing Seoul for failing to enact a trade deal with Washington.</li><li>This was after he threatened tariffs on Canada in the backdrop of a thawing relationship between the two countries, when Canada’s Prime Minister Mark Carney visited China earlier this month.</li><li>The rising yen took a toll on the dollar, which languished near a four-month low as it was further pressured by problems of its own, including a looming U.S. government shutdown and Trump’s erratic policymaking. (USD/)</li><li>A weaker dollar makes greenback-priced gold less expensive for overseas buyers.</li><li>The Federal Reserve is expected to hold interest rates steady at its monetary policy meeting beginning later on Tuesday, overshadowed by a Trump administration criminal investigation of U.S. central bank chief Jerome Powell, an evolving effort to fire Fed Governor Lisa Cook, and the coming nomination of a successor to take over from Powell in May. (FEDWATCH)</li><li>Elsewhere, Zijin Gold (2259.HK) will buy Canada’s Allied Gold (AAUC.TO) for about C$5.5 billion ($4.02 billion) in cash, as the Chinese miner ramps up its global expansion amid record high prices. Gold’s unprecedented rally has boosted miners’ margins and cash flows, fuelling consolidation.</li><li>Spot silver (XAG=) surged 6.3% to $110.39 an ounce, after hitting a record high of $117.69 on Monday. The white metal has already surged 55% so far this year.</li><li>Spot platinum (XPT=) lost 2.5% to $2,688.12 per ounce after hitting a record $2,918.80 in the previous session, while palladium (XPD=) edged 0.1% higher to $1,980.50.</li></ul><h3>DATA/EVENTS (GMT)</h3>1500 US Consumer confidence Jan

02259

600547

601899

02899

AAUC

600489

Gold and silver prices surged to near record highs due to ongoing safe-haven demand amid geopolitical uncertainties. Spot gold rose 1.1% to $5,068.05 per ounce, while silver increased 6.3% to $110.39 an ounce. U.S. President Trump announced increased tariffs on South Korean imports, contributing to market volatility. The dollar weakened, making gold cheaper for foreign buyers. Zijin Gold plans to acquire Allied Gold for approximately C$5.5 billion, reflecting the mining sector's consolidation amid high prices. Platinum and palladium showed mixed performance, with platinum declining and palladium slightly rising.

PRECIOUS-Gold, silver rise to near record highs on lingering safe-haven demand