{"id":68847,"date":"2026-01-19T10:04:10","date_gmt":"2026-01-19T10:04:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/01\/19\/gold-hits-new-high-on-greenland-concerns\/"},"modified":"2026-01-19T10:04:10","modified_gmt":"2026-01-19T10:04:10","slug":"gold-hits-new-high-on-greenland-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/01\/19\/gold-hits-new-high-on-greenland-concerns\/","title":{"rendered":"Gold Hits New High On Greenland Concerns"},"content":{"rendered":"
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Gold resumed gains and touched a new record high on Monday as the U.S. dollar weakened against most of its major peers following President Donald Trump’s latest tariff threats against Europe over Greenland.<\/p>\n

Spot gold traded up 1.6 percent at $4,669.82 an ounce, after having hit a high of $4,690.75 in early Asian trade. U.S. gold futures were up 1.7 percent at $4,674.09.<\/p>\n

The dollar index was under pressure, as investors shifted toward safe-haven assets such as the Japanese yen and the Swiss franc, reflecting a risk-off sentiment in financial markets<\/span>. <\/p>\n

Trump vowed to slap a 10 percent tariffs on eight European nations starting Feb.1, which could rise further to 25 percent in June unless the U.S. is allowed to buy Greenland.<\/p>\n

Major European Union states decried the tariff threats over Greenland as blackmail on Sunday, with French President Emmanuel Macron asking the EU to activate its “anti-coercion” measure – dubbed its trade “bazooka” – for the first time, injecting fresh trade uncertainty.<\/p>\n

Trump today doubled down on his plan to acquire Greenland, saying NATO had warned Denmark for years about the “Russian threat” to Greenland and claimed Copenhagen had failed to act.<\/p>\n

“Now it is time, and it will be done!!!” Trump wrote in a post on his Truth Social platform ahead of this week’s World Economic Forum Annual Meeting in Davos.<\/p>\n

Meanwhile, it is feared that Trump’s threats and diplomacy toward Iran and Venezuela, using military pressure, sanctions and public messaging will have profound long-term costs for his country and the world.<\/p>\n

Venezuelan opposition leader Maria Corina Machado’s decision to give her Nobel Peace Prize medal to Trump has sparked controversy and criticism.<\/p>\n

In Iran, President Masoud Pezeshkian has warned that any attack on Supreme Leader Ayatollah Ali Khamenei would trigger an all-out war.<\/p>\n

Speaking to Politico on Saturday, Trump said, “It’s time to look for new leadership in Iran.”<\/p>\n

Beyond tariff and geopolitical concerns, traders await U.S. PCE, GDP and jobless claims reports this week for cues on the Federal Reserve’s rate outlook. <\/p>\n<\/p>\n<\/div>\n