Gold soars to new record levels today!

The spot price of an ounce reached an all-time high of ~4,689 dollars, and is currently trading around 4,660–4,675$ (+1.5–1.6% today).

The main reason?

Trump threatens to impose a 10% tariff (rising to 25% later) on imports from 8 European countries (Denmark, Norway, Sweden, France, Germany, Britain, Netherlands, Finland) due to their refusal of the Greenland purchase deal!

→ Fears of a new trade war with Europe → strong shift towards safe havens.

Silver also jumped to record levels close to 94

#TrumpTariffs #Greenland #SafeHaven #PreciousMetals #BinanceSquare