Khaberni - Gold and silver prices soared to unprecedented levels on Monday, as investors flocked to safe-haven assets amidst growing tensions after U.S. President Donald Trump threatened to impose additional tariffs on European countries over the Greenland control issue.
The spot gold price rose 1.6% to $4670.01 per ounce by 01:10 GMT, after touching its all-time high at $4689.39.
The U.S. futures for gold delivery in February jumped 1.8% to $4677.
Spot silver prices increased 4.4% to $93.85 per ounce, after reaching an unprecedented level at $94.08.
Trump vowed on Saturday to initiate a wave of tariff increases on European allies until the United States is allowed to purchase Greenland, escalating the dispute over the future of this vast Arctic island which belongs to Denmark.
For other precious metals, spot platinum rose 1.9% to $2373.08 per ounce, while palladium increased by 0.5% to $1809 per ounce.
