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Gold Falls After Trump Backs Away From Tariffs Over Greenland
Gold fell after US President Donald Trump withdrew a threat to impose tariffs on European nations and said a “framework of a future deal” over Greenland had been agreed. Bullion fell as much as 1% in early trading, after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday. Trump announced the Greenland “framework” on social media after meeting North Atlantic Treaty Organization Secretary-General Mark Rutte but gave no further details. The easing of geopolitical tensions supported the dollar. The Bloomberg Dollar Spot Index, a key gauge of the US currency’s strength, ... (full story)
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Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region. This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st. Additional discussions are being held concerning The Golden Dome as it pertains to Greenland. Further information will be made available as discussions progress. Vice President JD Vance, Secretary of State Marco Rubio, Special Envoy Steve Witkoff, and various others, as needed, will be responsible for the negotiations — They will report directly to me. Thank you for your attention to this matter!DONALD J. TRUMPPRESIDENT OF THE UNITED STATES OF AMERICA
US President Donald Trump announced late Wednesday he would not impose tariffs on eight European nations scheduled to take effect on 1 February, citing progress in talks with NATO Secretary-General Mark Rutte on Greenland in Davos. Trump said the two leaders reached "the framework of a future deal with respect to Greenland" during what he described as ...
Greenland proposal Trump endorsed respects Denmark's sovereignty: sources per @BarakRavid
