Gold prices catapulted to unprecedented levels on Tuesday as U.S. President Donald Trump's continued push to take over Greenland drove safe-haven demand.
Front Month Comex Gold for January delivery zoomed by $171.20 (or 3.73%) to $4,759.60 per troy ounce. Notably, this is a new record high for gold prices.
Front Month Comex Silver for January delivery also skyrocketed by $6.1150 (or 6.94%) to $94.206 per troy ounce. Notably, this is also a new record high for silver prices.
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Market Analysis
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.