Spot Gold Drops $40 Following Trump’s Greenland Comments

Gold and silver prices fell sharply following recent market movements, while Bitcoin previously saw gains after Trump’s Greenland-related remarks.

BTC

Summary

Gold prices fell 1.00% to $4,780.56 per ounce on Jan. 22, 2025, marking a further decline after the prior drop linked to U.S. President Donald Trump’s remarks about Greenland. Silver also dropped 2.15% to $91.07 per ounce, according to PANews. The day before, gold had fallen by $40 to $4,845.07 and Bitcoin rose 0.86% to $89,459 shortly after Trump's comments.

Terms & Concepts
  • Spot Gold: The current market price for immediate delivery of gold, typically quoted per ounce.
  • Spot Silver: The current market price for immediate delivery of silver, usually quoted per ounce.