Gold prices hit record highs as US NATO tensions over Greenland spark safe haven rally
Precious metals prices surged on Wednesday as geopolitical friction over Greenland drove investors toward safe-haven assets and weighed on the dollar.
Insights:
Spot Gold prices climbed 2.1% to reach $4,861.91 per ounce by 1152 GMT on January 21, 2026, as geopolitical tensions reached a boiling point. Earlier in the session, the metal scaled a new record of $4,887.82 per ounce. This rally was mirrored in the futures market, where Goldfutures for February delivery in the United States 
USalso climbed 2.1% to settle at $4,864.80 per ounce.
USalso climbed 2.1% to settle at $4,864.80 per ounce.
