On Monday morning, 19 January, after the start of the trading week on Asian stock markets, the price of gold, a key asset in times of turmoil, peaked at $4,690.59, while silver reached $94.12.
On the Comex exchange on 19 January, March gold futures rose 2.23% to a peak of $4,698 per ounce. March silver futures rose 6.6% to $94.4 per ounce during trading.
At the same time, most stock markets fell amid renewed fears of a possible trade war. Japan’s Nikkei fell 1.4%, while the broadest MSCI index of Asia-Pacific stocks outside Japan fell 0.3%. The dollar fell against the yen and the Swiss franc, while the euro and pound sterling rose and oil prices remained unchanged.
It should be noted that the new tariffs will take effect on 1 February for Germany, Denmark, the United Kingdom, the Netherlands, Norway, Finland, France and Sweden. Goods from these countries will be subject to 10% tariffs when exported to the United States. According to the US president, they will increase to 25% from 1 June. The tariffs will remain in place until a deal is reached on the ‘complete and final purchase of Greenland’.
