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Gold and silver hit record highs as markets react to Trump’s latest tariff shock
Price of gold jumps 1.6% in early trading and dollar falls 4% against safe-haven currencies after US president threatens tariffs against Nato allies
The price of gold and silver have hit record highs as investors turned to safe haven assets, after US president Donald Trump threatened to impose extra tariffs on eight European countries in his increasingly aggressive bid to claim Greenland.
The price of gold rose by 1.6% to $4,666 per ounce on Monday morning, having hit an all-time high of $4,689. US gold futures for February advanced 1.7% to $4,671.90.
Source: www.theguardian.com
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