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Precious Metals Surge to Record Highs Amid US-EU Greenland Dispute

Published January 21, 2026, 14:16
Precious Metals Surge to Record Highs Amid US-EU Greenland Dispute

Precious metals are surging in price, while stocks are falling, amid escalating tensions between the US and the EU over Greenland. Gold hit a new record high, exceeding $4,800 per ounce, as Donald Trump threatens tariffs if his demands for the acquisition of the island are not met. Analysts remain optimistic about gold's trajectory, even predicting a rise to $7,000, due to the expected fall in US interest rates, the weakening of the dollar and increased demand from central banks. The decline in the dollar makes gold more attractive to foreign investors.