Gold, Silver Hit Record Highs Amid Trump's EU Trade War Threat Over Greenland

• Gold and silver prices surged to all-time highs due to fears of a trade war between the US and Europe, sparked by President Trump's efforts to acquire Greenland.
• Trump threatened 10% tariffs on eight European countries, including France, Germany, and the UK, escalating to 25% by June, increasing demand for precious metals.
• European leaders are planning an urgent conference to discuss retaliatory measures, potentially including taxes on $108 billion worth of US imports.
• Precious metals saw significant gains following 2025 events, including the US detaining Venezuela's leader and intensified threats over Greenland.
• Trump administration's attacks on the Federal Reserve also fueled the 'debasement trade,' pushing investors away from government assets.

Why It Matters: Geopolitical tensions and trade war threats, particularly over Greenland, drove gold and silver to unprecedented highs.