Gold, Silver Hit Record Highs Amidst Trump's Tariff Threats, Risk-Off Sentiment

• Gold and Silver prices surged to new peaks globally due to increased risk-off sentiment.
• US President Donald Trump's tariff threats over Greenland acquisition sparked a flight to safe-haven assets.
• Spot Gold hit $4,690 an ounce, while Spot Silver reached $94.74, marking their best year in decades.
• Indian markets mirrored global trends, with MCX Silver crossing ₹3 lakh per kilogram for the first time, ending at ₹3,10,151.
• CLSA's Laurence Balanco is cautious on Silver but sees Gold reaching $5,100-$5,200 an ounce.

Why It Matters: Gold and Silver prices soared to record highs globally and in India due to geopolitical risks and safe-haven buying.