Summary

Gold prices surged past US$4,800 per ounce for the first time as the Greenland crisis worsened and concerns about Japanese government debt grew. The deteriorating US-Europe relationship, highlighted by the Greenland dispute and potential trade war, fueled demand for safe-haven assets like gold.

https://www.straitstimes.com/business/gold-rises-above-us4800-for-the-first-time-as-crisis-over-greenland-worsens?ref=top-stories