Gold, Silver Surge as Trump's Tariff Unsettles Global Markets

Gold and silver prices hit record highs as global equities falter due to US President Trump reigniting trade war fears with European nations over Greenland. Trump's tariff threats on European countries have led to market uncertainty, with discussions on retaliatory tariffs by the EU.

The move has raised concerns about future trade agreements between the US and the EU. German Foreign Minister Johann Wadephul has criticized Trump's actions, and Bloomberg reports EU members discussing retaliatory tariffs.

Investors are turning to safe-haven assets like gold amid fears of a widening trade conflict.