00:00It's Benzinga bringing Wall Street to Main Street.
00:02Gold prices extended their rally on Monday, reaching record highs above $4,730 an ounce
00:09as safe haven demand increased amid geopolitical tensions and a potential U.S.-Europe trade
00:14conflict over Greenland. In a post on X, Mohamed A., El-Erian cited deteriorating
00:20geoeconomics as a key driver. Trump warned of additional tariffs on certain European countries
00:26linked to the Greenland dispute. Denmark increased its military presence in the region,
00:31adding to risk-off sentiment, according to MetaEquity's VP Commodities Rahul Kaluntri.
00:36Kaluntri also pointed to the World Economic Forum's Global Risks Report,
00:40which showed nearly 50% of members expect a turbulent global environment over the next two years.
00:46Bloomberg reported gold is up 9% in early 2026 and 75% over the past year,
00:53with spot prices near $4,723.72. Market experts said gold has broken out of a rising three-month channel,
01:02prompting expectations of a strong near-term surge supported by miners,
01:06with resistance seen between $4,720 and $4,760. For all things money, visit Benzinga.com.
