Gold extends rally as Greenland dispute deepens

Spot gold rose to a record, up 2.4% to $4,878.22 an ounce, while silver and platinum also hit near-record levels; the article links the gains to rising tensions after the US threatened tariffs on several European countries over opposition to a US plan involving Greenland.

Spot gold rose to a record and other precious metals traded near highs as markets reacted to a geopolitical dispute tied to Greenland. The article connects the price moves to recent diplomatic friction. It reports that the United States threatened tariffs on eight European nations that opposed a US plan involving Greenland. The piece also notes criticism from French President Emmanuel Macron and a comment attributed to Canadian Prime Minister Mark Carney about the state of the international order. Key facts: - Spot gold rose 2.4% to a record $4,878.22 an ounce. - Silver hovered near $95 after reaching an all-time high, and platinum hit a record of $2,511.10 before retreating. - The article reports the US threatened tariffs on eight European countries that opposed a US plan involving Greenland, including Germany, France and the UK. - French President Emmanuel Macron criticized the US trade tactics. - The article quotes Canadian Prime Minister Mark Carney saying the rules-based international order was effectively dead. Summary: The metal price gains coincided with escalating diplomatic and trade tensions tied to the Greenland dispute. Undetermined at this time.