Gold and silver soar to record highs amid Trump tariff threat
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Gold and silver soar to record highs amid Trump tariff threat
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"Gold and silver prices have jumped to record highs as the markets react to Donald Trump's threat of additional tariffs over Greenland. European stock markets fell on Monday as investors turned to safe-haven assets amid the turbulent geopolitical landscape. Meanwhile, gold rose 1.6 per cent to $4,666 (3,481.14) an ounce after reaching a peak at $4,689 (3,498.30). Silver also reached a record high of $94.08 (70.19) an ounce before falling back down to $93.15 (69.50)."
Gold and silver surged to record highs as markets reacted to a threat of additional US tariffs linked to Greenland, driving investor demand for safe-haven assets. Gold rose about 1.6 percent to $4,666 an ounce after peaking higher, while silver briefly reached around $94 an ounce before easing. European stock indices opened lower, with falls across France's CAC 40, Germany's DAX and Spain's IBEX. The tariff threat targeted eight European countries and included a possible 10 percent levy until the US gains permission to buy Greenland, heightening market volatility and cross-Atlantic tensions.
Read at www.independent.co.uk
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