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Markets fall and gold and silver jump to record highs on Greenland tariff threats

From ironfxcn.com

Gold and silver surged to record highs as European stock markets fell after US President Donald Trump threatened to impose additional tariffs on eight European countries. The push to acquire Greenland has intensified fears of a potential US-Europe trade war. Gold and silver rose sharply, with spot gold climbing as much as 2.1% to near $4,700 an ounce and silver jumping 4.4%. Trump’s aggressive trade stance weighed on the dollar and increased demand for safe-haven assets. The US said it would impose tariffs on eight European nations, including France, Germany and the UK, which oppose the plan to acquire Greenland. ... (full story)

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  • Category: Fundamental Analysis