Gold prices hit new peaks as Trump tariff threat returns

European Union ambassadors are preparing retaliatory measures should the duties go ahead

Gold and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after US president Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

Gold and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after US president Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

Spot gold jumped 1.6% to $4,666.65 per ounce on Monday at 7.39am having hit an all-time high of $4,689.39.