Markets slide as gold and silver hit records after Trump tariff threat tied to Greenland pressure campaign

European stock markets fell and safe-haven assets surged after President Donald Trump threatened new tariffs on several European countries, a move reported as part of an intensifying campaign connected to his push for a deal involving Greenland.

Gold and silver hit fresh record highs as investors moved toward perceived safety amid uncertainty over whether the tariff threat would be implemented and how Europe might respond.

• Market reaction: European equities dropped while gold and silver climbed to record levels.
• Catalyst: Trump’s tariff threat directed at multiple European countries.
• Why it matters: Heightened geopolitical risk and potential retaliation increased volatility.