US futures edge higher and gold hits another record as markets swoon over Greenland dispute

Asian shares mostly extended their losses on Wednesday and gold prices hit a record high as concerns over U.S. President Donald Trump’s tariff threats on Greenland fueled unease among investors. U.S. futures rose after steep losses Tuesday on Wall Street. Gold prices crossed the $4,800 mark for the first time, gaining 1.7% as money flowed into assets considered to be safe havens at times of uncertainty.