Can buy gold in tiger?

2025-10-14

Gold Near $4,700! Is Greenland Dispute a Real Risk?

Spot gold hit a fresh all-time high of $4,690/oz, marking a more than 2% daily surge. COMEX gold futures also rallied, touching $4,698, just shy of the key $4,700 level. Geopolitical tensions, including Donald Trump’s tariffs on eight European countries and escalating Greenland disputes, are adding fuel to gold’s upward momentum. The appointment of a new Fed chair and Powell’s ongoing investigation are further driving "devaluation trades," bolstering gold’s appeal as a currency hedge in uncertain times. With gold reaching new highs, how much further can geopolitical risk drive the rally?

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