Gold and silver prices hit unprecedented levels today as investors flocked to safe-haven assets amid rising tensions after U.S. President Donald Trump threatened to impose additional tariffs on European countries over the issue of controlling Greenland. Spot gold rose 1.6% to $4670.01 per ounce by 01:10 GMT, after hitting an all-time high of $4689.39. U.S. gold futures for February delivery jumped 1.8% to $4677. Silver in spot transactions rose 4.4% to $93.85 per ounce after hitting a record high of $94.08. On Saturday, Trump pledged a wave of tariff hikes on European allies until the U.S. is allowed to buy Greenland, escalating the dispute over the future of this vast Danish Arctic territory. For other precious metals, platinum rose 1.9% in spot trading to $2373.08 per ounce, and palladium rose 0.5% to $1809 per ounce.
