US futures edge higher and gold hits another record as markets swoon over Greenland dispute
Summary
Asian shares fell and gold prices hit a record high amid investor concerns over U.S. President Donald Trump’s tariff threats on Greenland. U.S. futures edged higher as traders awaited Trump’s speech at the World Economic Forum in Davos.
Key Points
- Asian shares mostly extended losses amid concerns over U.S. tariff threats on Greenland.
- Gold prices surged past $4,800, reaching a record high as investors sought safe havens.
- U.S. futures rose modestly ahead of President Trump's planned Davos speech.
- European leaders responded to U.S. tariff threats with potential countermeasures amid souring relations.
