Ammon News - Gold prices were boosted to a record high above $4,800 ‌per ounce on Wednesday, as investors looked to the metal as a safe haven after a broad selloff in U.S. assets on heightened tensions between the U.S. and NATO over Greenland.

Spot gold climbed 2.1% to $4,862.46 per ounce by 0446 GMT, after scaling a record $4,865.73 earlier in ‌the session. U.S. gold futures for February delivery climbed 2% to $4,861.20 ​per ounce.

The dollar index languished at a ‍near one-month low after White House threats over Greenland triggered a broad selloff in U.S. assets, from the currency to Wall Street stocks and Treasury bonds.

Spot silver fell 0.1% to $94.48 an ounce, after hitting a record ‍high of $95.87 on Tuesday.

Spot platinum lost 0.5% to $2,449.98 per ounce after hitting a record $2,511.80 earlier in the day, while ​palladium was up 0.1% at $1,866.46.

Reuters