Gold prices surged to a record high of over $5,000 an ounce for the first time, extending a historic rally driven by geopolitical tensions and economic uncertainty, according to multiple news sources. The price jump, reported by BBC Business, marked a significant increase following a surge of more than 60% in the past year.

The rise in gold value was attributed to heightened tensions between the US and NATO over Greenland, as well as ongoing concerns about financial and geopolitical instability. US President Donald Trump's trade policies also contributed to market anxieties, despite his recent withdrawal of import taxes on countries linked to the Greenland dispute. On Saturday, he threatened to impose a 100% tariff on Canada if it strikes a trade deal with China, further unsettling investors.

Gold and other precious metals are often viewed as "safe-haven" assets during times of uncertainty, prompting investors to seek refuge in them. Central bank activity and inflation also contributed to the surge, according to BBC Technology reports.

In related news, Caribbean nations like Jamaica and Antigua and Barbuda are entering the burgeoning cannabis industry by legalizing it for medical and recreational use, multiple sources reported. These nations are capitalizing on favorable growing conditions and cultural acceptance to develop unique strains of cannabis. The legalization has led to a rise in registered farms and dispensaries catering to both locals and tourists with medical authorization, according to BBC Technology. These nations are focusing on developing unique cannabis strains with diverse flavor profiles and medicinal benefits, aiming to establish themselves as leaders in the burgeoning cannabis industry.