Gold, Silver Prices Vault to New Highs on U.S.-Europe Tensions
Precious-metal prices rallied to fresh records after President Trump ratcheted up his rhetoric about acquiring Greenland, as his threats of slapping tariffs on several European countries rekindled trade-war fears. Gold futures hit a closing high of $4,759.60 per troy ounce, up 3.7% from Friday in the biggest increase since 2020. The metal is seen as a haven asset during times of geopolitical or economic uncertainty.
Precious-metal prices rallied to fresh records after President Trump ratcheted up his rhetoric about acquiring Greenland, as his threats of slapping tariffs on several European countries rekindled trade-war fears. Gold futures hit a closing high of $4,759.60 per troy ounce, up 3.7% from Friday in the biggest increase since 2020. The metal is seen as a haven asset during times of geopolitical or economic uncertainty.