Gold and Silver Prices Surge Amid Trade War Fears
Gold and silver reached record highs on Monday as equity markets declined following US President Donald Trump's tariff threats against several European nations. Gold peaked at $4,690.59, while silver hit $94.12. Trump's announcement included 10 percent tariffs on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland, escalating to 25 percent in June if demands are unmet. European nations responded, warning that such threats could harm transatlantic relations and a recent trade deal with the EU. Major equity markets in Tokyo, Hong Kong, and Shanghai saw declines, while European and US futures also fell. The dollar weakened against the euro, pound, and yen, reflecting growing investor concerns over geopolitical tensions.
Published 23 hours ago • 19 Jan 2026, 08:33 AM IST