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Gold Hits Record $4,900 as Greenland Tensions Rise while Oil Prices Drop
Written By: Naba ZehraUpdated: Wed, Jan 21, 2026, 05:33 PM IST
Gold has extended its rally to near $4,900 per ounce, setting a new record as geopolitical tensions over Greenland drive safe-haven demand. Meanwhile, oil prices dropped as rising US inventories overshadowed production halts in Kazakhstan. In the metals market, copper saw mixed results with prices falling in China due to higher
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