Ammon News - Gold and silver traded near record highs on Tuesday, as ‌U.S. President Donald Trump's threats to acquire Greenland soured global sentiment and sparked a rush into safe-haven assets.

Spot gold was up 0.1% at $4,675.32 per ounce, as of 0336 GMT, after scaling an all-time high of $4,689.39 in the previous session. U.S. gold futures for February delivery climbed 1.9% to $4,680.30 per ‌ounce.

Spot silver fell 1.4% to $93.33 an ounce, after hitting a record high of $94.72 ​earlier in the session.

The dollar retreated to its lowest in a week after tariff threats triggered a broad selloff across U.S. stocks and government bonds.

Gold also found support as concerns lingered around the Federal Reserve's independence with the U.S. ⁠Supreme Court this week ⁠expected to hear ​a case around Trump's attempt to fire Fed Governor Lisa Cook over alleged mortgage fraud.

The Fed is broadly expected to maintain interest rates at its January 27-28 meeting despite Trump's calls for cuts. Gold, ‍which does not yield interest, typically performs well during periods of low interest rates.

Among other precious metals, spot platinum slid 1.8% to $2,331.20 ​an ounce, while palladium dropped 2% to $1,804.15.

Reuters