Gold price today, Friday, January 23: Gold surges towards $5,000 per ounce

Gold (GC=F) futures opened at $4,940 per troy ounce on Friday, up 0.5% from Thursday’s closing price of $4,913.40. The price of gold reached an all-time high of $4,970 in early trading. Gold’s rise above $4,900 per ounce follows a conflict over Greenland that may have damaged U.S. alliances with NATO countries. President Trump demanded the U.S. purchase Greenland, a territory of Denmark. He threatened tariffs on allies who resisted and, at one point, implied the U.S. could use military action. He change ...