"Markets reacted with speed and force. Gold jumped as much as 2.1% to a record $4,690 per troy ounce, while silver surged 4.4% as investors rush into havens. European equities opened sharply lower, with the Stoxx Europe 600 down 1.5%. Read more related news: Trump warns Norway he will not 'think exclusively about peace' US futures tracking the S&P 500 and Nasdaq 100 fell 0.9% and 1.2% respectively, even with US cash markets closed for Martin Luther King Jr Day."
"Nigel Green says: "Markets are delivering a verdict on credibility. It seems by the current positioning that investors believe that the president is prepared to move from threat to action. "Gold doesn't, typically, behave like this on headlines alone. It moves like this when markets believe follow-through is coming." He says the move into precious metals reflects conviction rather than caution. "The scale and speed of the rally show investors aren't waiting for confirmation. "Capital is already positioning for tariffs, retaliation, and a deterioration in relations between the US and Europe.""
Gold surged to a record $4,690 per troy ounce and silver rose sharply as investors sought havens following US threats related to Greenland. European equities opened lower and US futures fell, reflecting broad market risk aversion. Investors positioned for tariffs, retaliation, and worsening US–Europe relations. Market moves indicate belief that threats could become actions rather than mere rhetoric. The dispute ties economic policy to territorial and national security issues because of Greenland's strategic Arctic importance, including shipping routes, resources, and military positioning. Markets typically treat that mix as highly destabilising and difficult to reverse.
Read at London Business News | Londonlovesbusiness.com
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