Gold and silver surge to fresh highs as investors digest Trump's push for Greenland and flock to safer assets

Core Viewpoint - Gold and silver prices have surged to new highs as investors seek safe-haven assets amid geopolitical and economic uncertainty [1] Group 1: Gold Market - U.S. gold futures for February delivery increased by 1.71% to $4,674.20 per ounce, following a record high achieved last week [1] - Spot gold prices rose by 1.6% to $4,668.14 per ounce [1] - The rally in gold is supported by fundamentals, with expectations of falling real rates and central banks diversifying their reserves, suggesting a potential for further price consolidation or increases [3] Group 2: Silver Market - U.S. silver futures for March reached a record price of $93.035 per ounce, reflecting a 5.06% increase to $93.02 [4] - Spot silver prices also rose by 3.55% to $93.16 per ounce, indicating strong market performance [4] - Current margins for silver are projected to be four to five times higher than in 2024, suggesting a robust outlook for the silver market [4]