Gold Prices Hit $4,700/Oz Record High as Greenland Jitters Persist

Beirut: Gold prices hit a record high in Asian trade on Tuesday, crossing a key level as concerns over the U.S.' demands for Greenland kept traders broadly risk-averse and pinned to safe havens. According to National News Agency - Lebanon, gold and silver prices soared to record highs earlier this week after U.S. President Donald Trump said he will tariff European countries until they cede Greenland. But while silver saw some profit-taking on Tuesday, gold remained relatively well-bid. Spot gold rose 0.4% to $4,696.07 an ounce, while gold futures for February rose 0.5% to $4,701.96/oz by 00:04 ET (05:04 GMT). Spot gold briefly hit a record high of $4,701.78/oz during the session.