New Delhi: Gold and silver prices scale fresh peaks on Monday. The reason behind the record rates as investors flocked to safe-haven assets on intensifying tensions, following US President Donald Trump’s warning of imposing extra tariffs on European countries over the control of Greenland.
Spot gold gained 1.6 per cent to $4,670.01 per ounce by 0110 GMT, after scaling a record peak of $4,689.39.
US gold futures for February delivery went up 1.8 per cent to $4,677. Spot silver surged 4.4 per cent to $93.85 per ounce, after hitting a record high of $94.08.