The price of gold has shot to another new record high as investors seek a safe haven for their money in the wake of Donald Trump’s pursuit of Greenland and the threat of tariffs.
Gold only reached $4,000 per troy ounce – the official measure of gold and the equivalent of 31g, for the first time back in October, yet it is already within sight of the $5,000 milestone after rising more than 12 per cent since the start of the year and just over 2 per cent to $4,900 on Wednesday.
