Key Highlights
- The catalyst for the latest leg of the bullion super-cycle appears to be renewed geopolitical friction.
- Market sentiment turned risk-averse following after US President Donald Trump threatened tariffs on European allies if they don't United States' plan to annex Greenland from Denmark.
- The uncertainty was compounded after the US Supreme Court delayed a ruling on the legality of existing trade levies, effectively keeping the tariff threat alive.
