Gold prices retreat from record highs as Greenland tensions ease
Gold prices declined on Thursday as easing tensions over Greenland reduced safe-haven demand. The pullback follows a record-breaking rally earlier this week.
Insights:
Gold prices fell on Thursday as geopolitical risks concerning Greenland 
DKmoderated, prompting investors to scale back their demand for safe-haven assets. Gold Spot eased 0.3% to $4,824.18 per ounce as of 1017 GMT on January 22, 2026. This retreat followed a period of intense buying that saw the metal hit a record peak of $4,887.82 per ounce on Wednesday, January 21. Earlier in the current session, the metal had dropped nearly 1% before stabilizing. In the United States 
US, Gold Futures for February delivery lost 0.2% to trade at $4,826 per ounce.
DKmoderated, prompting investors to scale back their demand for safe-haven assets. Gold Spot eased 0.3% to $4,824.18 per ounce as of 1017 GMT on January 22, 2026. This retreat followed a period of intense buying that saw the metal hit a record peak of $4,887.82 per ounce on Wednesday, January 21. Earlier in the current session, the metal had dropped nearly 1% before stabilizing. In the United States US, Gold Futures for February delivery lost 0.2% to trade at $4,826 per ounce.
