Gold prices hit a new record high on Tuesday as traders flocked to safe-haven assets amid rising geopolitical and tariff tensions.
Spot gold rallied 1.2 percent to $4,734.18 an ounce while U.S. gold futures were up 3.2 percent at $4.741.36.
The dollar extended losses as U.S. President Donald Trump's tariff threats left investors worried about exposure to U.S. assets.
Trump intensified his rhetoric on Greenland, insisting the U.S. needs the Arctic Island for national security reasons.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.