Gold prices hit record highs, Trump's latest tariff measures cause the US dollar to lose favor.

The price of gold has risen to a record high, as President Trump's tariffs on Greenland have spurred investors to increase their doubts about the credibility of the US dollar. Meanwhile, the dollar has weakened overall, with the Japanese yen and Swiss franc rising, and the euro and pound erasing earlier losses. New York gold futures broke through $4670 per ounce, up 1.62% on the day. Spot gold broke through $4660 per ounce, up 1.41% on the day.