Price of gold jumps 1.6% in early trading and dollar falls 4% against safe-haven currencies after US president threatens tariffs on Nato allies
Gold and silver prices have hit record highs and European stock markets have fallen, after the US president, Donald Trump, threatened to impose additional tariffs on eight European countries in an increasingly aggressive attempt to claim Greenland.
Gold rose 1.6% to $4,666 an ounce on Monday morning, after reaching an all-time high of $4,689, as investors turned to safe-haven assets. US gold futures for February gained 1.7% to $4,671.90.
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