Precious metals reach record highs as Trump Greenland tariff threat triggers flight to safety
US President Donald Trump sparked a flight to safety by threatening tariffs over Greenland. Gold and silver hit records while US stocks and the dollar fell.
Insights:
On Saturday, January 18, 2026, President Donald Trump donald trumpof the US 
USthreatened European allies with escalating tariffs unless the United Statesis allowed to purchase Greenland from Denmark 
DK. This announcement triggered an immediate flight-to-safety response across global markets on Monday. Spot Gold jumped 1.6% to $4,669.69/oz by 10:08 a.m. ET on January 19, 2026, after scaling a record peak of $4,689.39/oz earlier in the day.
USthreatened European allies with escalating tariffs unless the United Statesis allowed to purchase Greenland from Denmark DK. This announcement triggered an immediate flight-to-safety response across global markets on Monday. Spot Gold jumped 1.6% to $4,669.69/oz by 10:08 a.m. ET on January 19, 2026, after scaling a record peak of $4,689.39/oz earlier in the day.In the futures market, USGoldfor February delivery advanced 1.7% to $4,675/oz. The move was mirrored by Silver , which saw its spot price climb 4.4% to $93.93/oz after hitting a record high of $94.10/oz. Investors have increasingly turned to these metals as Silverhas risen more than 31% since the start of 2026. Goldcontinues its strong trajectory after gaining more than 64% in 2025 and rising more than 8% since the start of 2026. Institutional investors have been tracking these trends through vehicles like SPDR Gold Shares and iShares Silver Trust .
