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Trump's Greenland Tensions Ignite Gold's Record Surge

1/24/2026

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Summary

Story summary

U.S. President Donald Trump escalated tensions over Greenland, boosting demand for safe-haven gold.
Spot gold rose to a record $4,966.93 per ounce.
This rally is the strongest weekly performance since March 2020.
Analysts attribute the rally to capital flight from US assets and central bank purchases.
The Greenland crisis has intensified de-dollarization, with gold as a preferred safe haven.

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Story summary

U.S. President Donald Trump escalated tensions over Greenland, boosting demand for safe-haven gold.
Spot gold rose to a record $4,966.93 per ounce.
This rally is the strongest weekly performance since March 2020.
Analysts attribute the rally to capital flight from US assets and central bank purchases.
The Greenland crisis has intensified de-dollarization, with gold as a preferred safe haven.