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Impact of Trump's Davos trip/Gold hits record highs, stocks fall

2026-01-21 20:23:00, Ekonomi CNA

Impact of Trump's Davos trip/Gold hits record highs, stocks fall

The price of gold reached an all-time high, above $4,800 per ounce, as stock markets plunged.

The significant changes were caused by investor anxiety about global risks, especially tensions over US plans for Greenland and trade tensions between the US and Europe, which are adding further uncertainty to the markets.

Major European stock markets fell, including France's CAC 40 and Germany's DAX, which both recorded declines.

US stocks were also affected by US President Donald Trump's trip to the World Economic Forum in Davos. Investors are still worried about the potential fallout from trade measures and diplomatic tensions. /CNA





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