Gold Tops $4,800 as Geopolitical Tensions Mount in Greenland
1/21/2026 11:37:00 AM
Gold prices surged to a record above $4,800 per ounce on Wednesday, as investors sought the metal as a safe haven following a broad selloff in U.S. assets amid heightened tensions between the U.S. and NATO over Greenland.
Spot gold climbed 2.6% to $4,885.11 per ounce by 0633 GMT, after scaling a record $4,887.82 earlier in the session. U.S. gold futures for February delivery climbed 2.6% to $4,888.20 per ounce.
Spot gold climbed 2.6% to $4,885.11 per ounce by 0633 GMT, after scaling a record $4,887.82 earlier in the session. U.S. gold futures for February delivery climbed 2.6% to $4,888.20 per ounce.