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Gold, 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.
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72 Articles
72 Articles
Bags today, news on U.S. markets and tariffs
·Turin, Italy
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In the fight for Greenland, US President Donald Trump has unpacked the customs wedge again. Investors are critical of this.
·Vienna, Austria
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Coverage Details
Total News Sources72
Leaning Left3Leaning Right15Center19Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
C 51%
R 41%
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