Gold, Silver Hit Record Highs as Trump Tariff Threats Over Greenland Rattle Mark

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Gold and silver prices surged to record highs due to President Trump's tariff threats over Greenland, indicating a shift towards safe-haven assets as markets perceive increased geopolitical risk.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Gold and silver surged to all-time highs as markets reacted to U.S. President Donald Trump’s threat to impose tariffs on European countries in a bid to force a deal allowing the United States to buy Greenland, accelerating a broad move into safe-haven assets. Gold jumped 2% on Sunday to a record $4,688 per ounce and was trading around $4,664 early Monday, while silver spiked 4% to an all-time high of $94.02 per ounce before easing to roughly $93. The rally reflected a rapid repricing of geopolitical and policy risk rather than changes in…

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Original article published by OilPrice.com on January 19, 2026.
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