Trump's ambitions over Greenland trigger a new gold rally

Source: CritpoTendencia Original Title: Trump’s ambitions over Greenland trigger a new gold rally Original Link: The President of the United States, Donald Trump, is intensifying his pressure on all those attempting to oppose his plan to annex Greenland. This pressure results in tariffs with the implicit threat of increasing them in the short term. All of this causes a renewed rally in the price of gold and other safe-haven assets like silver.

According to data from financial sources, the yellow metal reached a new all-time high this Monday at $4,683 per ounce. At the time of writing, its price remains near that level, suggesting there will be further boosts during the day. Meanwhile, the price of silver also experienced a significant rally of 5%, pushing it above $93 per ounce.

The serious intentions of U.S. President Donald Trump regarding Greenland are the driving factors behind this surge.

The U.S. leader announced a 10% tariff against several European countries opposing his plans to occupy the Danish island. He even stated that these tariffs could increase to 25% by June 1 if an agreement to purchase the island is not reached by then.

In response, European countries announced retaliatory measures against the U.S., amounting to about $100 billion. As can be seen, this is a highly tense environment among the main Western powers, something that could seriously damage the concept of transatlantic security.

Gold reacts with a massive rally

As expected, this delicate situation causes capital to move away from risk assets. This stampede towards gold and other reserve metals has driven prices up significantly in the commodities sector.

It is important to mention that the new gold rally is certainly related to Trump’s trade war. However, Trump’s policies are far from being the only factor pushing the metal’s price upward. U.S. debt levels are another crucial factor.

The risk of investing in that nation has led to a depletion in demand for Treasury bonds. Instead of buying U.S. debt, central banks around the world are turning to metals and other assets outside the control of the Federal Reserve. The fact that the independence of the U.S. central bank is at risk makes these measures even more necessary.

The gold rally in 2025 became one of the most outstanding in the financial world. But the situation becomes even more interesting when looking at the prospects for 2026. According to experts, there are no signs that the metal will stop its upward trend, which could easily rise to $5,000 even in the first quarter of the year.

All of this could be subject to how the crisis related to Greenland develops.