Gold, Silver Hit Record Highs Amid Trump's Greenland Tariff Threat, Global Tensions

• Gold and silver prices surged to new record highs on Monday, driven by increased investor demand for safe-haven assets.
• The price hike follows U.S. President Donald Trump's threat to impose additional tariffs on European countries over the control of Greenland.
• Trump vowed escalating tariffs on European allies until the U.S. is allowed to purchase Greenland, intensifying geopolitical tensions.
• European Union ambassadors are preparing retaliatory measures while seeking to dissuade Trump from implementing the tariffs.
• Analysts attribute the metals' rally to geopolitical uncertainties and Trump's tariff threats, impacting global markets and currencies.

Why It Matters: Geopolitical tensions and Trump's tariff threats over Greenland pushed gold and silver to record highs.