Gold prices continued their record rise, exceeding $4,800 per ounce amid an influx of funds into safe-haven assets caused by escalating tensions between the United States and NATO. The spot price of gold rose 2.1%.

Trump said on Tuesday that he remains firm in his desire to gain control of Greenland and refused to rule out the possibility of seizing the Arctic island by force. On Wednesday, the US president is heading to Davos, Switzerland, and is expected to use the World Economic Forum to increase his pressure. However, Denmark has no plans to give in to Trump's demands. Meanwhile, investors are also awaiting the Supreme Court's verdict on the legality of Trump's attempt to remove Federal Reserve Board member Lisa Cook, which is heightening concerns about the independence of the Federal Reserve System. In such conditions, when the market lacks any benchmarks, considering short positions on gold can be extremely risky. However, when buying, it is necessary to take into account, if not the risks of a reversal, then the risks of a correction.