Greenland, Gold
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Gold and silver prices hit high
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Traders are braced for this week’s inflation reading to be higher than previously expected—triggering warnings of "unprecedented
Globally stock markets are down and the flight to the safety of gold is up as there is a risk-off sentiment in response to Trump’s Greenland policy, the threatened tariffs on eight European countries and Europe’s hardening anti-Trump stance.
Asian shares have extended their losses while gold prices hit a record high as concerns over U.S. President Donald Trump’s tariff threats on Greenland fueled unease among investors.
The index's decline is an indication of dollar devaluation, which Dogecoin (DOGE) co-founder Billy Markus mocked amid a gold rally.
Gold (GC=F) futures opened at $4,633.70 per troy ounce Tuesday, 0.8% higher than Friday’s closing price of $4,595.40. In early trading, the price of gold rose more than 2% to eclipse $4,700 per ounce for the first time.
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Gold and silver futures jumped to fresh records as President Trump's pursuit of Greenland reignited tariff concerns.