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Gold, silver hit fresh highs as Trump’s Greenland tariffs rattle European markets

Gold, silver hit fresh highs as Trump’s Greenland tariffs rattle European markets

By Swedan Margen

Fashion

Gold and silver scaled new all-time highs on Monday (Jan 19), as investors continued to pour money into safe-haven assets following the Trump administration’s latest tariff salvo – this time linked to Greenland.

Spot gold prices climbed 1.4 per cent to trade at US$4,662.57 an ounce as at 7.57 pm, after reaching a record of US$4,690.59 earlier, Bloomberg data showed. Spot silver prices rose 4.4 per cent to US$94.12 an ounce, also an all-time high.

The rally in precious metals – traditionally viewed as a safe-haven asset class during periods of geopolitical or market uncertainty – was fuelled by fresh tariff measures announced by US President Donald Trump over the weekend, analysts observed.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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