Gold and silver surge to fresh highs as investors digest Trump’s push for Greenland and flock to safer assets

• Gold and silver have been on a tear as geopolitical uncertainty drives investors to safer assets.
• Donald Trump’s use of tariffs to pressure Europe could result in a tit-for-tat trade war.
• As metals reached fresh highs on Monday, European autos and luxuries sold off.

Gold and silver surged to fresh highs just days after breaking previous records, as investors flock to safe-haven assets amid a choppy geopolitical and economic ‍outlook.

U.S. gold futures for February delivery rose 1.71% to $4,674.20 per ounce on Monday, after earlier hitting a record high last week. Spot gold was 1.6% higher at $4,668.14.

Source: https://www.cnbc.com/2026/01/19/gold-silver-hit-record-highs-greenland-geopolitics-market-reaction.html