US EditionGold, silver hit records and stocks fall as Trump fans trade fears
Gold rose 1.5% to $4,663.37 and silver hit record highs as trade-war fears increased after Trump threatened tariffs on eight European nations over Greenland.
- Safe-Haven flows pushed gold and silver to new highs as most global equity markets fell on Monday, January 19, 2026, after President Donald Trump revived trade-war fears by threatening tariffs over Greenland.
- Trump said he would impose 10 percent tariffs from February 1 on eight European countries after talks failed to resolve disagreement over Greenland.
- Market data show notable price spikes as investors shifted to safe havens, with gold peaking at $4,690.59, spot gold rising 1.5% to $4,663.37, U.S. gold futures for Feb delivery jumping 1.6% to $4,669.90, and spot silver advancing 3.3% to $92.93.
- Markets reacted as European Union ambassadors signalled pushback and possible retaliation, agreeing to intensify efforts as Bloomberg reported member states discussed retaliatory levies on $108 billion of US goods.
- If the tariff threat persists, analysts say the structural risks include fragmented trade and politicised supply chains, German Foreign Minister Johann Wadephul doubts the US-EU deal's viability, and French President Emmanuel Macron's aides may push the EU to activate the anti-coercion instrument.
55 Articles
55 Articles
Gold and silver are rising, while Trump's tariffs are worrying the stock markets.
Trump, Greenland and customs duties: The Frankfurt Stock Exchange opens weaker at the start of the week. Prices for gold and silver reach new records.
In view of the new customs threats of US President Donald Trump in the dispute over Greenland, prices for gold and silver rose to new record levels on Monday. In Asian trade, an ounce of gold temporarily cost over $4690 (EUR4030), an ounce of silver 94.12 dollars. Precious metals are regarded by many investors as a safe haven in times of crisis. Trump had again stressed on Saturday that the US had to take control of Greenland, and this was based…
The geopolitical tensions around Greenland and the associated tariff threats spur the prices of sought-after precious metals. This means new record levels for gold and silver.
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