Gold and silver prices have reached unprecedented highs after US President Donald Trump threatened new tariffs on eight European countries due to a dispute over Greenland.

• Gold touched $4,689.39 an ounce, while silver rose to $94.08 an ounce on Monday.
• The US announced a 10% tariff on goods from countries including Germany and France, effective February 1, potentially rising to 25%.
• Stock markets in Asia saw modest falls, but European markets experienced bigger drops in companies vulnerable to the new tariffs, with the German Dax index falling 1%.

The International Monetary Fund (IMF) has warned that trade tensions and a potential reversal in the artificial intelligence (AI) boom pose significant risks to global economic growth, despite the global economy being described as "steady" and "resilient" for the current year.

• The IMF projects global growth to reach 3.3% this year, increasing from its previous forecast of 3.1%.
• IMF chief economist Pierre Olivier Gourinchas highlighted the global economy's resilience despite past trade disruptions.
• The IMF emphasized the "paramount" importance of central bank independence for global economic stability, especially following renewed debate sparked by a criminal investigation into US Federal Reserve chair Jerome Powell.