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MOSCOW - The price of gold rose by more than 2 per cent on Tuesday, surpassing US$4,700 per troy ounce for the first time in history, trading data showed, reported Sputnik/RIA Novosti.
The price of February gold futures on the New York Comex exchange increased by US$108.71, or 2.37 per cent, from the previous close, to US$4,704.11 per troy ounce, which marked a new all-time record.
At the same time, March silver futures jumped 6.23 per cent to US$94.052 per ounce.
The price of gold continued to grow at the start of this week after US President Donald Trump announced the introduction of a 10 per cent tariff, which is expected to take effect in February, on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland.
The tariff is set to be subsequently increased to 25 per cent and will remain in effect until an agreement on the purchase of Greenland by the United States is reached. - BERNAMA-SPUTNIK/RIA NOVOSTI
