Gold surges to new all-time high as Trump’s Greenland tariff threat fuels safe-haven flows

Gold (XAU/USD) has started the week with a strong bullish gap, pushing deeper into uncharted territory as safe-haven demand strengthens. This movement is linked to the tariff threat proposed by former President Trump concerning Greenland, spurring increased risk aversion in the markets. Investors are shifting funds into gold as a safe asset due to heightened uncertainties. In recent trading, gold has surpassed the 1730 level, achieving a new all-time high. This movement is technically bullish, with the break above the psychological resistance of 1730 suggesting ongoing investor interest in the gold market. Trump's statements have significantly impacted market sentiment, further stimulating the demand for gold. The breakout is clear, and sustaining this level will be crucial moving forward. Currently, no signals indicate a retraction in gold prices, maintaining a strong upward momentum. Investors should continue to watch for trends and remain sensitive to market sentiment.