[https://www.cnbc.com/2026/01/21/gold-powers-above-4800-as-global-risks-fan-record-safe-haven-rally.html](https://www.cnbc.com/2026/01/21/gold-powers-above-4800-as-global-risks-fan-record-safe-haven-rally.html)
**Also add onto that the 10yr US Bond is up to 4.281% ................ was 4.14% one week ago ......**
Gold prices extended their record run to breach the $4,800 per ounce level on Wednesday on safe-haven flows driven by escalating friction between the United States and NATO over Greenland. **( For context , GOLD was $4329.60 on 1-2-2026 )**
[Spot gold](https://www.cnbc.com/quotes/XAU=/) climbed 2.1% to $4,861.38 per ounce, after scaling a record $4,887.82 earlier in the session. U.S. gold futures for [February delivery](https://www.cnbc.com/quotes/@GC.1/) climbed 2% to $4,863.10 per ounce.
Spot silver rose 0.5% to $95.04 an ounce, after hitting a record high of $95.87 on Tuesday, powered by a cocktail of factors including sustained physical tightness and safe-haven demand.
“There continues to be a myriad of factors boosting bullion, not least simply its safe haven quality. The Greenland crisis is front and center with President Trump expected to deliver his Davos speech later today,” said Jamie Dutta, market analyst at Nemo.money.
Trump said on Tuesday that he remained firm in his ambition to gain control of Greenland, refusing to rule out taking the Arctic island by force.
The U.S. President barrels into Davos, Switzerland, on Wednesday, and is likely to use the World Economic Forum to escalate his push for acquiring Greenland despite European protests.
Danish Prime Minister Mette Frederiksen said she would not yield to Trump’s demands and abandon Greenland.