Gold price today: Bullion breaks $4,800 again as Greenland risks keep buyers in charge
Gold surged above $4,800 an ounce Wednesday, hitting a record high as geopolitical tensions over Greenland and shifting rate expectations rattled markets. Spot gold reached $4,887.82 before paring gains. The dollar index fell sharply Tuesday, its biggest drop since mid-December. U.S. gold futures traded at $4,844.20, up 1.7%.