Photo by Peter Olexa on Unsplash
On Tuesday, gold prices surged to around 4670 USD per ounce, reaching a new record. This price movement comes amid rising demand for safe-haven assets, driven by the escalating trade disputes between the US and the EU.
Recent reports indicate that Denmark is bolstering its military presence in Greenland, following US President Donald Trump’s threats to use force to establish control over the island. Additionally, Trump has threatened to impose a 10% import tariff on goods from eight European countries starting 1 February, with the possibility of increasing the rate to 25% by June if the US is not permitted to purchase Greenland. This has raised concerns within the EU, prompting an emergency summit this Thursday to discuss possible countermeasures.
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