Gold Hits New Record High as Trump's Tariff Threat Looms

Jakarta, Gotrade News - Gold prices have officially smashed through previous records after President Donald Trump threatened to slap trade tariffs on eight European nations. This geopolitical drama over the plan to acquire Greenland has sparked fears of a fresh trade war, sending investors scrambling for safe-haven assets.

Key Takeaways

• Spot gold surged to $4,668 per ounce, fueled by escalating global geopolitical risks.

• Threat of 10% to 25% tariffs on European goods is stoking fears of an economic growth slowdown.

• A softening US Dollar Index is further strengthening the case for precious metals as a hedge.

According to a report from Bloomberg, spot gold climbed 1.6% to $4,668.76 per ounce during Monday morning trading in Singapore. This rally kicked off right after Trump announced he would impose levies on countries opposing his Greenland move.

(Letakkan screenshot pertama "gold extend" di sini)

Capital.com analyst Kyle Rodda noted that fresh trade uncertainty is seriously undermining growth prospects. This "perfect mix" of foreign policy chaos and eroding trust in the greenback has given gold and silver a massive boost.

It wasn’t just a gold story, as silver also joined the party with a 3.2% surge, touching $93.02 per ounce. Other precious metals like platinum and palladium also saw green across the board in international markets.

The US administration’s recent aggressive moves, including doubling down on its stance in Venezuela, have kept the market on edge. Investors are clearly getting jittery about the stability of global diplomatic and economic ties.

Meanwhile, European leaders are reportedly prepping retaliatory levies on roughly €93 billion worth of US goods. French President Emmanuel Macron is even looking into the EU’s "anti-coercion instrument" to fight back against Washington’s trade pressure.

Ongoing attacks on the Federal Reserve’s independence are also fueling the so-called debasement trade. Many investors are now ditching traditional currencies and government bonds in favor of "hard" assets due to rising debt concerns.

This trend provides a strong tailwind for gold mining heavyweights like Agnico Eagle Mines Limited. As long as the US-Europe standoff remains unresolved, commodity prices are expected to maintain their upward trajectory.

If you’re keeping a close eye on the markets, this situation highlights just how sensitive gold is to US foreign policy shifts. With tariff threats looming until June 2026, expect high volatility to remain the "new normal" for global investors.

Reference:

• Bloomberg, Gold and Silver Jump to Record Highs on Greenland Tariff Threats. Diakses pada 19 Januari 2026

• Featured Image: Shutterstock