Gold and Silver Prices Reach Record Highs Amid US-Europe Trade Tensions and Safe-Haven Demand

Gold and silver prices reached record highs in early 2026 amid escalating geopolitical tensions, particularly following U.S. President Donald Trump's tariff threats on European nations over Greenland. The metals surged as investors sought safe-haven assets amid trade war fears, a weakening U.S. dollar, and supply constraints. Silver's rally is also supported by strong industrial demand from sectors like solar energy, electric vehicles, and electronics. While physical demand in India showed some cooling, investment interest, including ETFs, remained robust. Analysts caution about potential volatility but maintain a generally bullish outlook.