Gold, Silver Hit Record Highs Amid US-Europe Trade War Fears Over Greenland

• Fears of a US-Europe trade war over Greenland have driven gold and silver prices to record highs in international markets.
• US President Donald Trump's threats of tariffs on European countries opposing his Greenland purchase plan fueled investor concerns.
• Trump warned of a 10% tariff from February 1, potentially rising to 25% by June, targeting eight European nations including France, Germany, and the UK.
• European leaders emphasized the Arctic's strategic importance and Greenland's status as belonging to its people, with decisions made solely by Denmark and Greenland.
• The joint European declaration highlighted collective security, international law, and NATO's role in maintaining Arctic stability, pushing investors towards safe-haven assets.

Why It Matters: Geopolitical tensions over Greenland and trade war fears have propelled gold and silver to unprecedented levels.