Greenland Talk Driving Gold and Silver To New Highs

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.

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