Gold and silver prices rose to new record highs as investors sought safe-haven assets amid escalating geopolitical tensions, following US President Donald Trump's threat to impose additional tariffs on European countries over the Greenland dispute.
During trading on Tuesday, gold futures for February delivery rose 2.65%, or $121.10, to $4,716.50 an ounce, after touching $4,723.40, the highest level ever for the most active futures contract.