Gold Exceeds $5,000 Amid Growing Safe-Haven Demand
Earlier this week, gold’s price hit an unprecedented high, rising above $5,000 per ounce. This extended the precious metal’s rally, which has been driven higher by escalating tensions between NATO and the United States over Greenland, compounding increasing anxiety about geopolitical risk and economic instability. Markets have also been unsettled by President Donald Trump’s trade stance. Although he rolled back import duties on countries involved in the Greenland dispute this previous week, he later warned during the weekend that Canada could face tariffs of up to 100% if it proceeds with a trade agreement with the People’s Republic of China. It is common knowledge that investors often…