Gold and Silver Hit New Record Highs on Greenland Crisis. 3 Factors That Will Keep Driving Demand.

Gold (GCG26) prices at mid-week were solidly higher but down from an overnight high that set another record of $4,891.10, basis February Comex futures. Gold backed down a bit after President Donald Trump said at a speech to the World Economic Forum in Davos, Switzerland, that he won’t use force to acquire Greenland. That took some of the risk aversion out of the marketplace after Trump had said a couple weeks ago that he would not rule out using military force to take Greenland. More News from Barchart ...