Gold (XAU/USD) pulled back from record highs a handful of dollars below $,4,900, following US President Trump’s softer tone at the Davos Forum, but the precious metal remains steady above $4,800, which shows that demand for safe assets remains steady.
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Trump triggered a relief rally on Wednesday, stepping back on his plans to introduce additional tariffs on European countries and ruling out military action to seize Greenland. The US President also announced a framework deal over the Arctic island with NATO, although no details of the agreement have been disclosed.
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