Gold, Silver Surge to Record Highs. How Trump's Tariff Threats Are Driving Up Prices.

Core Insights - Precious metals have reached record highs due to market reactions to President Trump's tariff threats regarding Greenland, indicating a significant shift in investor sentiment towards safe-haven assets [1] Group 1: Market Reactions - The announcement of potential tariffs has led to a surge in gold prices, which have increased by 2.5% to reach $1,800 per ounce, marking the highest level in over a decade [1] - Silver prices have also seen a notable rise, climbing 3% to $25 per ounce, reflecting a broader trend in precious metals as investors seek stability amid geopolitical tensions [1] Group 2: Investor Behavior - Investors are increasingly turning to precious metals as a hedge against economic uncertainty, with demand for gold and silver rising sharply in response to the tariff news [1] - The volatility in the stock market has further fueled interest in safe-haven assets, as traders look for ways to protect their portfolios from potential losses [1]