Gold and silver hit all-time highs on Friday, reinforcing their safe haven appeal amid uncertain economic conditions stemming from US President Donald Trump's apparent intention to seize Greenland and bets on US interest rate cuts.
Gold, widely considered a hedge against inflation, settled 1.61 per cent higher at $4,988.56 an ounce, knocking on the door of the $5,000 level, data from GoldPrice.org showed.
The value of the precious metal, which broke many barriers in 2025, has now soared more than 77 per cent in the past 12 months.
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