黄金点评：格陵兰岛局势升级，金价继续冲高

Core Viewpoint - The article discusses the recent increase in gold prices due to rising geopolitical tensions and potential trade conflicts between the U.S. and Europe, particularly following President Trump's announcement of tariffs on European countries opposing the acquisition of Greenland [2][5]. Group 1: Gold Market - On January 19, COMEX gold opened high and closed at $4,676.7 per ounce, with an increase of 1.77%. The domestic SHFE gold night market also rose, closing at 1,053.46 yuan per gram, up by 1.35% [2][5]. - The market is experiencing heightened risk aversion, with geopolitical issues expected to remain a short-term focus, suggesting that the demand for gold may continue to be strong [2][5]. Group 2: U.S.-Europe Trade Relations - President Trump announced a 10% tariff on eight European countries opposing the Greenland acquisition, set to increase to 25% starting June 1, 2026. This has prompted European officials to consider retaliatory measures, including potential tariffs on approximately €93 billion worth of U.S. goods [2][5]. - The escalation of trade tensions has led the market to reassess the risk of a prolonged conflict between the U.S. and Europe [2][5]. Group 3: Currency Market Dynamics - The currency market is showing signs of "de-dollarization," with the dollar index falling by 0.3% while the euro and pound strengthened. The ten-year U.S. Treasury yield reached 4.26%, and U.S. stock futures declined during the market closure [2][5]. - The weak dollar environment is contributing to the upward trend in gold prices, indicating a continued bullish outlook in the short term [2][5].