-
Gold and silver jump to record highs on Greenland tariff threats
Gold and silver jumped to record highs as President Donald Trump’s intensifying push to take Greenland spurred fears of a damaging trade war between the US and Europe. Trump said he would slap tariffs on eight European nations — including France, Germany and the UK — that have opposed his plan to acquire Greenland. The 10% levy will kick in on Feb. 1 and rise to 25% in June. The move supported haven demand for precious metals. European leaders will hold an emergency meeting in the coming days as they explore possible counter-measures. Member states are discussing several options for how to respond, including ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
GOLD HITS RECORD HIGH AFTER TRUMP’S GREENLAND TARIFF THREATS — BBG
From cnbc.com | Jan 19, 2026
Gold and silver surged to fresh highs just days after breaking previous records, as investors flock to safe-haven assets amid a choppy geopolitical and economic outlook. U.S. gold futures for February delivery rose 1.71% to $4,674.20 per ounce on Monday, after earlier hitting a record high last week. Spot gold was 1.6% higher at $4,668.14. It comes after ...
Trump threatens the EU with more tariffs. The EU has reacted in kind. Yesterday, I commented Trump Hits European Nations With Tariffs Until Deal Reached to Buy Greenland If you need another reason IEEPA tariffs are idiocy, you have one. Here’s the full blown reaction. Bloomberg reports EU Set to Halt US Trade Deal Over Trump’s New Tariff Threat European ...
