Mon Jan 19 05:10:00 UTC 2026: ### Gold and Silver Soar Amid Trump’s Trade War Threats Over Greenland
The Story:
Gold and silver prices have surged to record highs following escalating tensions between the United States and Europe, triggered by President Donald Trump’s aggressive pursuit of acquiring Greenland. This has raised fears of a damaging trade war. Spot gold reached $4,668.76 per ounce, and silver hit $93.0211. Trump threatened tariffs on eight European nations, including France, Germany, and the United Kingdom, for opposing his Greenland plan.
Key Points:
- Spot gold increased by 1.6% to $4,668.76 per ounce, reaching a peak of $4,690.59.
- Silver rose by 3.2% to $93.0211, hitting a high of $94.1213.
- Trump plans to impose 10% tariffs on eight European countries starting February 1, escalating to 25% by June.
- European leaders are holding emergency meetings to discuss retaliatory measures, including imposing €93 billion ($108 billion) in tariffs on US goods.
- France’s President Emmanuel Macron may invoke the EU Anti-Coercion Instrument (ACI).
- The Trump administration is also renewing attacks on the Federal Reserve.
Key Takeaways:
- Geopolitical risks significantly impact precious metal prices.
- Trade uncertainty weakens global growth prospects.
- US foreign policy undermines confidence in the US dollar.
- Investors are increasingly turning to precious metals as safe-haven assets.
- Renewed attacks on the Federal Reserve fuel concerns about central bank independence and currency debasement.
First Piper 