Brief by Shorts91 Newsdesk / 04:14am on 21 Jan 2026,Wednesday Business
Gold prices stayed near record highs, with spot gold around $4,675 per ounce, driven by rising global trade-war risks and a flight to safe-haven assets. U.S. President Donald Trump’s tariff threats and push regarding Greenland soured market sentiment, weakening the dollar and triggering sell-offs in stocks and bonds. Silver also traded close to its record level, though slightly lower. Investors favoured precious metals amid heightened geopolitical uncertainty and expectations of lower interest rates, which reduce the cost of holding bullion. Continued tensions and potential escalation of trade disputes could push gold above $4,700. (PC: Reuters)
