Gold and Silver Prices Surge Amid Geopolitical Tensions and Trade War Risks in Early 2026
In January 2026, gold prices repeatedly hit record highs, driven by escalating geopolitical tensions and trade war risks, notably triggered by US President Trump's threats regarding Greenland and tariff policies. This uncertainty led to a surge in safe-haven asset demand, including gold and silver, with significant inflows into precious metals and related ETFs. The market sentiment was marked by heightened risk aversion amid US-Europe trade disputes and concerns over global economic stability.