Precious metals record unprecedented levels.. How much did the prices reach?

Gold, silver, and platinum metals recorded new record highs today, amid a decline in confidence in American assets due to geopolitical tensions and economic uncertainty.

Gold rose in instant transactions 0.3 percent to $4,951.91 per ounce by 03:58 GMT, after hitting a record high of $4,966.59 earlier today.

US gold futures for February delivery increased 0.8 percent to $4,952.80 an ounce.

“Confidence in the US and its assets has been shaken, perhaps forever, and this is driving money into precious metals,” said Kyle Rodda, senior market analyst at Capital.com.

The dollar index hovered near its lowest level in more than two weeks today, and fell by one percent over the course of the week, making metals priced in the US currency cheaper for buyers abroad, while the main indices on Wall Street witnessed sharp selling operations earlier in the week after US President Donald Trump’s new threats to impose customs duties on countries in the European Union spooked investors before they later recovered.

European Union leaders breathed a sigh of relief after Trump reversed his decision on Greenland, but they issued a warning after meeting at an emergency summit in Brussels late Thursday that they were ready to act if Trump threatened them again.

The US President said that he had guaranteed full and permanent American access to Greenland in an agreement with NATO.

The details of the agreement are still unclear, and Denmark insists that its sovereignty over the island is not up for discussion.

Silver rose in spot transactions by 2.6 percent to $98.71 per ounce, after hitting a record high of $99.20 earlier.

Platinum increased in spot transactions 0.4 percent to $2,639.40 per ounce after hitting a record level of $2,684.43 earlier, while palladium fell 0.9 percent to $1,903.10.