Gold and silver prices hit high after tariff threat
JAN 19 - Gold and silver prices have hit record highs following the threat by US President Donald Trump to impose fresh tariffs on eight European Kenya breaking news | Kenya news today |..
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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%.
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Global Economy Faces Trade Tension Risks as China's Growth Defies US Tariffs - January 2026
The International Monetary Fund (IMF) has warned that trade tensions pose significant risks to global economic growth. In a related development, 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. Despite these pressures, China reported that its economy grew by 5% in 2025, meeting its growth target. This was largely due to record exports which defied US tariffs. However, some analysts doubt the accuracy of China's official figures.
