Key Highlights
- The major force driving gold and silver prices is increased geopolitical risks.
- Trump's aggression over Greenland and his threat of tariffs on European countries have raised concerns that the global economy could be on the verge of a significant slowdown.
- Gold is considered a hedge against geopolitical and economic uncertainties.
- Trump on Saturday threatened multiple European Union nations, traditional US allies in NATO, with tariffs of up to 25% until he gains control of Greenland.
- Media reports said several European leaders discussed possible retaliation, including bringing back last year’s plan to impose tariffs on US goods.
