Luke Vargas

But another safe haven, Japanese bonds, lost their luster this week.

We'll look at what a wild few days of politics has meant for markets after the break.

In markets news, gold prices are nearing $5,000 an ounce just three months after crossing the once unthinkable $4,000 mark.

The metal has surged amid geopolitical uncertainty, sky-high stock prices, and as central banks pile in as fellow buyers pushing up prices.

On the other hand, Japanese government bond yields are edging lower today, restoring a degree of stability after a topsy-turvy week that saw yields surge after the country's prime minister took steps to try and address cost-of-living concerns.

Our Tokyo bureau chief, Jason Douglas, has more.

And as affordability takes center stage in U.S.

politics, social media is blowing up with one particular New Year's resolution.

The Journal's Jennifer Williams says the month-long No Buy January Challenge is particularly popular this year as consumers look to reset their lifestyle or offset heavy holiday spending.

To capitalize on the minimal spend trend, Europe's largest secondhand retailer, Vinted, is pouring tens of millions of dollars into expanding in the U.S.

It's Vinted's second attempt to penetrate the U.S.

market, where it'll face competition from other platforms, including Poshmark, Mercari, and ThredUp.

And that's it for What's News for this Friday morning.

Today's show was produced by Daniel Bach and Hattie Moyer.

Our supervising producer was Sandra Kilhoff.

And I'm Luke Vargas for The Wall Street Journal.

We will be back tonight with a new show.

Otherwise, have a great weekend and thanks for listening.

Here is your Morning Brief for Friday, January 23rd.

I'm Luke Vargas for The Wall Street Journal.