The price of gold has risen above $5,000 an ounce for the first time ever, continuing a surge which saw it rocket more than 60% last year.
Precious metals are seen as "safe haven" investments amid turbulent global markets, with silver also reaching $100 an ounce for the first time after rising almost 150% rise last year.
The latest rise, the BBC reports, comes as tensions between the US and NATO over Greenland have added to growing concerns about financial and geopolitical uncertainty.
Donald Trump's threat to hit Canada with a 100% tariff if it agrees a trade deal with China has also spooked markets.
Conflicts in Ukraine and Gaza have also driven up the price of gold, as has the US seizing Venezuelan president Nicolás Maduro.
FTSE100
The UK's flagship share index, the FTSE 100, was down 21 points at 10,162 shortly after opening this morning.
Brent crude oil futures were down 0.21% at $65.64 a barrel.
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