Gold Surges Over $4,800 to New High. Why It’s Leaving Silver Behind.
Continuous gold futures are up by 2%, climbing to $4,862.3 in early trading. President Donald Trump will arrive in Davos later today for a showdown with European leaders, as his bid to seize Greenland threatens to tear the longstanding trans-Atlantic relationship apart. For Mathieu Racheter, head of equity strategy research at Julius Baer, global markets have negatively “reacted to a fresh round of tariff rhetoric from Donald Trump targeting several European countries, accompanied by increasingly confrontational messaging.”
Continuous gold futures are up by 2%, climbing to $4,862.3 in early trading. President Donald Trump will arrive in Davos later today for a showdown with European leaders, as his bid to seize Greenland threatens to tear the longstanding trans-Atlantic relationship apart. For Mathieu Racheter, head of equity strategy research at Julius Baer, global markets have negatively “reacted to a fresh round of tariff rhetoric from Donald Trump targeting several European countries, accompanied by increasingly confrontational messaging.”