Gold, Silver Hit Record Highs Amid Greenland Tariff Threats, Trade War Fears

• Gold and silver prices surged to record highs due to fears of a trade war between the US and Europe over President Trump's push to acquire Greenland.
• President Trump announced 10% tariffs on eight European nations, including France, Germany, and the UK, effective February 1, rising to 25% in June.
• European leaders are considering retaliatory measures, including imposing levies on €93 billion ($108 billion) of US goods.
• French President Emmanuel Macron may activate the EU's anti-coercion instrument, a powerful retaliation tool against coercive trade measures.
• Geopolitical risks, trade uncertainty, and concerns over US dollar trust and Federal Reserve independence are driving investors to precious metals.

Why It Matters: Geopolitical tensions and trade war fears over Greenland acquisition drive gold and silver to unprecedented highs.