Overview
- Gold reached an intraday all-time high of $4,737 per ounce, while silver rose to a record $94.72 before some profit-taking.
- Traders pointed to renewed tariff threats from President Trump tied to the Greenland dispute as the immediate catalyst for safe-haven buying.
- Germany's DAX slipped below 25,000 and traded near 24,585 points as risk assets weakened during the flight to safety.
- Gold has climbed more than 70% since the start of Trump's second term, with the Greenland episode accelerating the rally, according to Bloomberg-cited analysis.
- Concerns about the Federal Reserve's independence — with the Supreme Court expected to consider Trump's attempt to remove Fed Governor Lisa Cook — helped drive demand, and analysts described a growing 'Sell America' rotation.