{"id":127530,"date":"2026-01-24T15:00:00","date_gmt":"2026-01-24T13:00:00","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=127530"},"modified":"2026-01-21T11:18:05","modified_gmt":"2026-01-21T09:18:05","slug":"markets-fall-and-gold-and-silver-jump-to-record-highs-on-greenland-tariff-threats","status":"publish","type":"post","link":"https:\/\/www.ironfxcn.com\/ru\/markets-fall-and-gold-and-silver-jump-to-record-highs-on-greenland-tariff-threats\/","title":{"rendered":"Markets fall and gold and silver jump to record highs on Greenland tariff threats"},"content":{"rendered":"<p>Gold and silver surged to record highs as <a href=\"https:\/\/www.ironfx.com\/markets\/shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">European stock markets<\/a> fell after US President Donald Trump threatened to impose additional tariffs on eight European countries. The push to acquire Greenland has intensified fears of a potential US-Europe trade war.<\/p>\n\n\n\n<p>Gold and silver rose sharply, <a href=\"https:\/\/www.ironfx.com\/markets\/metals\/xaueur\/\" target=\"_blank\" rel=\"noreferrer noopener\">with spot gold climbing as much<\/a> as 2.1% to near $4,700 an ounce and silver jumping 4.4%. Trump\u2019s aggressive trade stance weighed on the dollar and increased demand for safe-haven assets.<\/p>\n\n\n\n<p>The US said it would impose tariffs on eight European nations, including France, Germany and the UK, which oppose the plan to acquire Greenland.<\/p>\n\n\n\n<p>Stock markets across Europe fell on opening. France\u2019s CAC 40 dropped 1.6%, Germany\u2019s DAX fell 1.4%, and Spain\u2019s IBEX 35 slid nearly 1%. In London, the FTSE 100 was down 0.3%.<\/p>\n\n\n\n<p>The losses hit key sectors, with <strong>Volkswagen, BMW, and Mercedes-Benz<\/strong> falling between 2.5% and 4%, while Stellantis, the owner of Peugeot, dropped 2%.<\/p>\n\n\n\n<p>US markets were closed on Monday for <strong>Martin Luther King Jr. Day<\/strong>, but US tech stocks listed in Europe also declined. <strong>Alphabet<\/strong> shares in Frankfurt fell 2.4%, while <strong>Nvidia<\/strong> \u0438 <strong>Microsoft<\/strong> were down 2.2%. Investors moved cautiously, with rising interest in safe-haven assets like gold and silver.<\/p>\n\n\n\n<p>On Saturday, Trump threatened to impose a <strong>25% tariff<\/strong> on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland until the US could proceed with acquiring Greenland. This marked a major step in the president\u2019s campaign to claim the autonomous Danish territory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tariffs-set-to-escalate-in-coming-months\"><strong>Tariffs set to escalate in coming months<\/strong><\/h2>\n\n\n\n<p>In a long post on Truth Social on Saturday, Trump said he would impose a <strong>10% tariff<\/strong> \u201con any and all goods sent to the United States of America,\u201d starting on February 1. If no deal is reached, the tariff will increase to <strong>25% on 1 June<\/strong>.<\/p>\n\n\n\n<p>The announcement drove the dollar down 4% against the Swiss franc and 0.2% against the Japanese yen, both considered safe-haven currencies.<\/p>\n\n\n\n<p>People familiar with the talks said European leaders are discussing several options to respond. These include retaliatory levies on <strong>\u20ac93 billion ($108 billion)<\/strong> of US goods.<\/p>\n\n\n\n<p>German Finance Minister <strong>Lars Klingbeil<\/strong> said Monday in Berlin, alongside his French counterpart <strong>Roland Lescure<\/strong>: \u201cWe are constantly experiencing new provocations. We are constantly experiencing new antagonism, which President Trump is seeking. Here in Europe, we must make it clear that the limit has been reached.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eu-considers-strongest-retaliation-tools\"><strong>EU considers strongest retaliation tools<\/strong><\/h2>\n\n\n\n<p>Bloomberg reported that French President <strong>Emmanuel Macron<\/strong> may request activation of the European Union\u2019s <strong>anti-coercion instrument (ACI)<\/strong>. The ACI is the bloc\u2019s strongest retaliation tool, enabling the EU to take a range of measures in response to coercive trade actions.<\/p>\n\n\n\n<p>Matt Simpson, a senior analyst at global financial services firm <strong>StoneX<\/strong>, said: \u201cWith Trump adding tariffs into the mix, it is clear that his threat to Greenland is real. Geopolitical tensions have given the gold and silver bulls another reason to push prices to new highs.\u201d<\/p>\n\n\n\n<p>Kathleen Brooks, research director at broker <strong>XTB<\/strong>, noted that stocks in Asia were lower across the board. European and US equity <a href=\"https:\/\/www.ironfx.com\/markets\/futures\/\" target=\"_blank\" rel=\"noreferrer noopener\">market futures also started the week in decline<\/a>.<\/p>\n\n\n\n<p>Gold and silver surged, both reaching record highs, while the dollar fell broadly. Markets showed signs of risk aversion as investors awaited developments in the Greenland situation.<\/p>\n\n\n\n<p>Brooks said this was a \u201cbig week for markets, and it hinges on Donald Trump\u2019s tone at Davos. If he increases pressure on Europe to let him have control of Greenland, we do not think that the benign market environment can persist. Volatility \u2013 which is still well below the 12-month average \u2013 is unlikely to remain low as we move through January.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-analysts-warn-of-deeper-trade-war-risks\"><strong>Analysts warn of deeper trade-war risks<\/strong><\/h2>\n\n\n\n<p>Peter Mallin-Jones, an analyst at <strong>Peel Hunt LLP<\/strong>, described the US\u2019s tariff threats over Greenland as \u201creminiscent of a mafia extortion racket.\u201d<\/p>\n\n\n\n<p>He said the impact on gold and silver appears to result from a shift away from US dollar assets. It also reflects the potential inflationary impact of a US-EU trade war and the chilling effect on economic activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gold-and-silver-rally-on-geopolitical-and-fed-fears\"><strong>Gold and silver rally on geopolitical and Fed fears<\/strong><\/h2>\n\n\n\n<p>This year, <a href=\"https:\/\/www.ironfx.com\/markets\/metals\/\" target=\"_blank\" rel=\"noreferrer noopener\">precious metals have rallied sharply<\/a> after dramatic gains in 2025. That surge followed the US seizing Venezuela\u2019s leader and escalating threats to take control of Greenland. <\/p>\n\n\n\n<p>The Trump administration has also renewed attacks on the Federal Reserve, raising concerns about the central bank\u2019s independence. These developments have driven investors toward gold and silver as hedges against currency and debt risks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nato-tensions-add-lasting-risk-premium\"><strong>NATO tensions add lasting risk premium<\/strong><\/h2>\n\n\n\n<p>Charu Chanana, chief investment strategist at <strong>Saxo Markets<\/strong> in Singapore, said that Greenland-related tensions differ from last year\u2019s Liberation Day tariffs. She noted that they \u201cpoint to a deeper geopolitical fault line.\u201d<\/p>\n\n\n\n<p>She added that \u201cusing tariff threats inside the alliance is a kind of trust shock that can leave a stickier risk premium,\u201d referring to NATO.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-investor-inflows-boost-gold-and-silver-demand\"><strong>Investor inflows boost gold and silver demand<\/strong><\/h2>\n\n\n\n<p>Investor demand, led by buyers in China, has boosted rallies in gold and silver.<\/p>\n\n\n\n<p>Exchange-traded funds\u2019 gold holdings rose by more than 28 tons last week. This was the biggest increase since September and the seventh rise in the past eight weeks.<\/p>\n\n\n\n<p>Many analysts expect the gains to continue. <strong>Citigroup Inc.<\/strong> forecast last week that gold could reach $5,000 within three months. Silver is expected to rise to $100 an ounce.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gold-and-silver-climb-as-dollar-weakens\"><strong>Gold and silver climb as dollar weakens<\/strong><\/h2>\n\n\n\n<p>Spot gold climbed 1.6% to $4,668.46 an ounce as of Monday 19 January, and earlier hit a high of $4,690.59. Silver was up 3.3% at $93.0744, and earlier touched $94.1213. Platinum went up and palladium edged higher. The Bloomberg Dollar Spot Index declined 0.2%.<\/p>\n\n\n\n<p>Rising global uncertainty prompted traders to reduce speculative assets. They shifted further into physical assets, such as gold and silver. This trend had driven a broad metal rally through late 2025.<\/p>\n\n\n\n<p>Silver and platinum also benefited from this rally, although they faced some profit-taking on Tuesday. <a href=\"https:\/\/www.ironfx.com\/markets\/metals\/xagusd\/\" target=\"_blank\" rel=\"noreferrer noopener\">Spot silver fell 0.1% to $94.2890\/oz<\/a> following a record high in the previous session. <a href=\"https:\/\/www.ironfx.com\/markets\/metals\/xptusd\/\" target=\"_blank\" rel=\"noreferrer noopener\">Spot platinum dropped 0.6% to $2,361.47\/oz<\/a>. Industrial metals were similarly boosted by increased demand for physical assets. Benchmark copper futures on the London Metal Exchange fell 0.4% to $12,927.58 a tonne, but remained close to recent record highs.<\/p>\n\n\n\n<p><em>DISCLAIMER: This information is not considered as investment advice or an investment recommendation, but is instead a marketing communication.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Gold and silver surged to record highs as European&#8230;<\/p>\n<div class=\"article-readMore\"> <a class=\"more-link\" href=\"https:\/\/www.ironfxcn.com\/ru\/markets-fall-and-gold-and-silver-jump-to-record-highs-on-greenland-tariff-threats\/\">\u0423\u0437\u043d\u0430\u0442\u044c \u0431\u043e\u043b\u044c\u0448\u0435 <span class=\"screen-reader-text\">Markets fall and gold and silver jump to record highs on Greenland tariff threats<\/span><\/a><\/div>","protected":false},"author":15,"featured_media":109708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-127530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","blog-category-top-enterprises","blog-category-trending-articles","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gold and Silver Jump to Record Highs on Tariff Threats<\/title>\n<meta name=\"description\" content=\"Gold and silver surged to record highs as European markets fell after Trump\u2019s Greenland tariff threats fueled trade war fears.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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