Gold Rises in Spot Trading to a New Record High of $4,773.89 per Ounce

Global gold prices rose in spot trading to a new record high of $4,773.89 per ounce on Wednesday, as U.S. President Donald Trump’s threats to impose additional tariffs on European allies shook global confidence and boosted demand for safe-haven assets.

اضافة اعلان

Trump has intensified efforts aimed at wresting sovereignty over Greenland from Denmark, a NATO member, prompting the European Union to consider responding with measures of its own.

Investors have turned to safe-haven assets such as gold, the Japanese yen, and the Swiss franc in search of protection from the risks of a trade war. However, they remain wary of a return of volatility stemming from the trade war in 2025, which only eased after tariff agreements were reached in mid-year.

On Monday, the International Monetary Fund once again raised its global growth forecast for 2026 as companies and economies adapt to U.S. tariffs.

Reuters