Gold hits record and stocks fall as Greenland crisis deepens
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Gold prices have reached record highs as tensions escalate over Greenland, following Donald Trump's tariff threats. European nations are scrambling to formulate a response to the situation, which has implications for international relations and trade. The stock market has reacted negatively to these developments, reflecting investor uncertainty in the face of geopolitical risks.
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The situation surrounding Greenland has been exacerbated by Trump's previous interest in purchasing the territory, which has raised concerns about US intentions in the Arctic region. This crisis comes at a time when Europe is already dealing with various economic challenges, making the potential for tariffs particularly alarming.
This article reflects the views of the Financial Times and does not necessarily represent the views of the newsroom.
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