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Gold prices reach record high of about $4,700 per ounce
Business
- 19 January, 2026
- 12:46
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Gold and silver prices hit new records on January 19 amid increased demand for safe-haven assets due to the Greenland situation, Report informs via Interfax.
The spot price of gold rose 1.6% to $4,670.47 per ounce by 11:30 (GMT+4) today, while silver rose 3.4% to $93.1755 per ounce. During the session, gold prices rose to a record $4,690.59 per ounce, while silver reached $94.1213 per ounce.
Traders fear that increased pressure from US President Donald Trump, who is laying claim to Greenland, will trigger a major trade war between the US and Europe.
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