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Equities sink, gold and silver hit highs
January 21, 2026
|The Star
ASIAN markets extended losses yesterday, while precious metals hit fresh peaks on fears of a US-EU trade war fuelled by Donald Trump's tariff threat over opposition to his grab for Greenland.
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After a bright start to the year fuelled by fresh hopes for the artificial intelligence sector, investors have taken fright since the US president ramped up his demands for the Danish autonomous territory, citing national security.
With Copenhagen and other European capitals pushing back, Trump on Saturday said he would impose 10% levies on eight countries - including Denmark, France, Germany and Britain from February 1, lifting them to 25% on June 1.
The move has raised questions about the outlook for last year's US-EU trade deal, while French President Emmanuel Macron has called for the deployment of a powerful, unused instrument aimed at deterring economic coercion.
In response, US Treasury chief Scott Bessent said this week that any retaliatory EU tariffs would be "unwise".
هذه القصة من طبعة January 21, 2026 من The Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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