Gold zooms past $4,800 as Greenland tensions spark a fresh safe-haven rush

Welcome back to GoldBank Insider, the podcast where we turn the day’s biggest UK relevant market headlines into plain-English precious metals insight.

Today’s story: gold has just pushed through $4,800 an ounce for the first time, hitting a new all-time high as geopolitical tensions over Greenland shake confidence in US assets.

What happened

Gold surged on Wednesday as investors bought safety after a broad selloff in US assets. Spot gold climbed around 2.6% to about $4,885 per ounce and briefly hit an intraday record close to $4,888. US February gold futures also traded around $4,888.

The move has been linked to heightened tensions between the US and NATO over Greenland, plus renewed tariff threats. Comments from market analysts  ...