US EditionSafe‑haven Buying Sends Gold, Silver to Record Highs
President Trump imposed tariffs on eight European nations to pressure them over Greenland, sending gold prices to a record $4,665 an ounce as investors sought safe-haven assets.
- On January 19, 2026, investor sentiment turned sour after President Donald Trump announced new tariff threats, with European and US futures falling and gold rising 1.7% to $4,675 an ounce.
- President Donald Trump linked tariffs to Greenland, framing it as vital to US security and prompting troop deployments by NATO and eight NATO countries.
- Investors fled to havens as Bitcoin and other cryptocurrencies slid and ASX-listed gold miners Northern Star Resources, Evolution Mining, and others rallied.
- European leaders quickly rebuked the tariff threats and are poised to halt approval of last year’s trade agreement while French President Emmanuel Macron may seek activation of the EU's anti-coercion instrument as the EU's 27 countries weigh countermeasures.
- Trump set the tariff schedule to begin Feb. 1 and escalate in June, with markets watching legal and systemic risks tied to Europe's holdings of $8 trillion in US bonds and equities.
41 Articles
41 Articles
After the threat of a trade war between the US and the EU, the price of gold and silver is once again climbing to new record levels.
Gold and silver prices have increased significantly in months, reaching new historic peaks, in just a few days after past records, on the basis of investor orientation towards refugee assets in a increasingly volatile geopolitical and economic context, the CNBC reports.
Gold, silver scale fresh highs
BENGALURU: Gold and silver hit record highs on Monday, driven by a flight to safety after US President Donald Trump warned of extra tariffs on some European countries in a dispute over Greenland. Spot gold jumped 1.7 per cent to $4,672.49 an ounce by 12:05pm ET (1705 GMT), after scaling a record peak of $4,689.39. US gold futures for February delivery advanced 1.8pc to $4,677.70 an ounce. Trump threatened several European allies with a series …
Following US President Trump's announcement of new 10 per cent duties for eight European countries, the price of gold and silver rose sharply because of Greenland, and the price of gold rose to $4,690.
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