19 Jan Markets react to tariffs threats
Canada’s main stock index flat. Oil prices down.
(Oilandgaspress) Gold and silver prices have jumped to record highs as the markets react to Donald Trump’s threat of additional tariffs over Greenland.
European stock markets fell on Monday as investors turned to safe-haven assets amid the turbulent geopolitical landscape. Meanwhile, gold rose 1.6 per cent to $4,666 (£3,481.14) an ounce after reaching a peak at $4,689 (£3,498.30). Silver also reached a record high of $94.08 (£70.19) an ounce before falling back down to $93.15 (£69.50).
The European Union is now also preparing to land the US with hefty retaliatory tariffs worth €93bn ($107.71bn or around £80bn), according to the Financial Times. The bloc is also considering restricting US companies from its market.
In the joint statement, the eight countries made clear their “full solidarity with the Kingdom of Denmark and the people of Greenland”.
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Oilandgaspress ,Oil and Gas , Energy , Trump, Gas,Gold and silver, tariffs, Oil Price, LPG, European Union,
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