ArmInfo.The price of gold reached a new all-time high due to President Trump's desire to seize Greenland. This raised fears of a trade war between the US and Europe and triggered a flight to safe-haven assets.
The exchange price of gold exceeded $4,700 per ounce for the first time. In trading on Tuesday, January 20, February gold futures on the Comex exchange rose 2.44% to $4,707.3 per ounce.
Over the weekend, US President Donald Trump announced that, effective February 1, 2026, Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland will impose a 10% tariff on all goods shipped to the United States. He wrote about this in Truth Social. Currently, the tariff on goods from the EU is 15%; effective June 1, it will increase to 25%. EU countries are also considering imposing tariffs on the United States and are planning to restrict access of American companies to their markets. (RBC)
