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Euronews
Euronews
Eleanor Butler

Gold rises to record high and stocks fall as Trump travels to Davos

Donald Trump Gold United States Davos European Union Greenland Jerome Powell ING

Gold soared to another record high on Wednesday, surpassing $4,800 per ounce, as leaders in Davos await the arrival of US President Donald Trump at the Swiss summit.

While the EU and US continue to clash over Trump’s plans to acquire Greenland, the precious metal has risen over 2% — with investors looking for a safe place to park their money amid renewed tariff threats. Silver prices, meanwhile, notched up 0.44% to $95.055.

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