Gold and Silver Prices Soar to Historic Highs 0 10

Global gold and silver prices reached new highs following new statements from U.S. President Donald Trump regarding the imposition of 10% tariffs on Germany and seven other European countries due to their stance on Greenland. On Monday morning, January 19, after the start of the trading week in Asian stock markets, the price of gold, a key asset during times of turmoil, peaked at $4,690.59, while silver reached $94.12.

At the same time, most stock markets fell amid renewed fears of a potential trade war. Japan's Nikkei dropped by 1.4%, while the broad MSCI index of Asia-Pacific stocks outside Japan decreased by 0.3%. The dollar fell against the yen and Swiss franc, while the euro and British pound rose, and oil prices remained steady.