 |
| Above, silver Kennedy half dollars and Morgan silver dollars. Photo by Armand Vaquer. |
It appears that more talk concerning President Trump's call to take over Greenland is driving the price of gold and silver to new highs.
Kitco News reported:
Jan 19 (Reuters) - Gold and silver hit record highs on Monday, driven by a flight to safety after U.S. President Donald Trump warned of extra tariffs on some European countries in a dispute over Greenland.
Spot gold jumped 1.5% to $4,662.85 per ounce by 1121 GMT, after scaling an all-time high of $4,689.39.
U.S. gold futures for February delivery advanced 1.6% to $4,668 per ounce.
Trump threatened several European allies with a series of escalating tariffs on Saturday, unless the U.S. is allowed to buy Greenland, intensifying a dispute over Denmark's vast Arctic island.
Elsewhere, spot silver climbed 3.7% to $93.24, after hitting a record high of $94.08. The white metal has risen over 30% so far this year.
To read the full article, go here.
No comments:
Post a Comment