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2 sourcesJan 21, 2026

Gold crosses $4,800 for the first time as US, EU spar over Greenland

(Reuters) - Gold prices surged to a record high ​above $4,800 per ounce on Wednesday, buoyed by safe-haven demand and a softer ‌dollar as U.S. President Donald Trump's pursuit of Greenland threatened to reignite a trade war with Europe and upend the NATO alliance. Spot gold rose 1.2% to $4,821.26 per ounce by 0226 GMT,...

Ada Derana Biz•Jan 21, 2026
By Bizweb2 Bizweb2
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Summary

"Obviously investors are selling the dollar, they're selling treasuries, particularly at the long-end, and buying gold instead because there is greater confidence in gold than ⁠in the U. FEDWATCHSpot silver fell 1% ​to $93.59 an ounce, after hitting a record high of $95.87 ‍on Tuesday.

Summarised from Ada Derana Biz

What this story is about

People
  • Donald Trump2
  • Rodda2
  • Emmanuel Macron
Organisations
  • Federal Reserve2
  • Reuters2
  • Trump2
  • NATO2
  • GMT2
  • EU
Places
  • United States2
  • Greenland2
  • Europe2
  • Arctic
  • Davos
Keywords
  • crosses2
  • first2
  • ounce2
  • gold2
  • time2
  • reignite
  • buoyed
  • softer
  • surged
  • haven

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  • Gold crosses $4,800 for the first timeNewsWire English·Jan 21, 2026
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