Gold Hits $4,867: Trump's Greenland Play Sparks Record Safe-Haven Rush
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Gold Hits $4,867: Trump's Greenland Play Sparks Record Safe-Haven Rush
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This is your Daily Gold Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Gold Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the hottest gold news, the current trading price, and what it all means for you.
Gold is on fire right now, hitting fresh record highs around $4,867 per troy ounce for futures open today, up over 2 percent from yesterdays close at $4,766. Spot prices hovered near $4,840 after peaking at $4,887 earlier, according to Trading Economics and Money.com reports. Thats a whopping 5.92 percent jump in just the last five days, fueled by massive safe-haven buying.
Why the surge? Geopolitical tensions are boiling over, especially US President Trumps push for Greenland, with tariff threats on Europe and no military force off the table per his Davos comments. Add in a weaker US dollar, worries over Federal Reserve independence, and central banks snapping up gold, and youve got investors piling in. Analysts from DailyForex see it targeting $5,000 soon, with GlobalData forecasting up to $6,700 by years end.
Her friends, heres your actionable takeaway: If youre thinking long-term, gold shines as a portfolio hedge against inflation and volatility, outperforming stocks lately with 65 percent gains in 2025 alone. Consider buying on dips near support at $4,720, but watch for short-term pullbacks from profit-taking. Diversify with coins or ETFs, and avoid chasing highs.
Thanks for tuning in, besties. Subscribe, share with a friend eyeing gold investments, and catch you next time on Daily Gold Price Tracker!
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