Gold, Silver Climb as Trump Issues Additional European Tariff Threats
The start of the week saw prices of silver and gold reach new highs even as global share prices fell as investors responded to a renewed tariff threat from US President Donald Trump. Gold prices hit $4,689.39 per ounce while silver also surged, peaking at $94.08 per ounce. In contrast, European stock markets declined, reflecting growing concern among investors about escalating geopolitical risks. In his announcement, Trump revealed plans to introduce a 10% tariff on imports from Finland, the Netherlands, the UK, Germany, France, Sweden, Denmark, and Norway from Feb. 1. He added that the levy could increase to 25% and would remain in place until an agreement regarding Greenland…