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Greenland events spur on precious metals

BY LAWRENCE J. | Updated January 19, 2026

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Financial Analyst/Content Writer, RADEX MARKETS

Lawrence J. came from a strong technical and engineering background before pivoting into a more financial role later on in his career. Always interested in international finance, Lawrence is experienced in both traditional markets as well as the emerging crypto markets. He now serves as the financial writer for RADEX MARKETS.

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  •     New record high for gold
  •     Silver reclaims $93
  •     Modest selloff in Bitcoin

Greenland jolts markets

Gold opened the Monday session with yet another gap to the upside this morning, in what is now becoming a regular move. The precious metal wasted no time pushing to highs of $4,690 per ounce within hours of the opening bell, setting yet another record high. Silver is also on the front foot this morning, reclaiming $93 per ounce and recovering nicely from the selloff that occurred at the end of last week. Greenland appears to be the setting for the latest drama, with President Trump threatening to impose tariffs on the European nations getting in the way of any potential deal involving the arctic nation. Platinum, palladium and other metals have not responded to the ongoing situation as of yet, remaining neutral so far morning. US and European stock futures alike are down in light of the new developments. Over in the digital world, Bitcoin sold off sharply early this morning, pushing prices down to $91,000 and successfully dousing the momentum painstakingly scrambled together over the course of last week.


The week ahead

Inflation is the name of the game this week, with countries from around the world lining up to deliver their respective consumer price indices. The Eurozone and Canada will publish their latest figures later today, while the UK will follow on Wednesday. Thursday promises to be a busy day for the economic calendar, with the final revision of US GDP third quarter growth, followed by the delayed PCE price index for October and November, as well as personal spending and income for those two months. The PCE index would usually play a considerable part in steering the Fed’s decision-making process, but the data are several months out of date at this point, and markets are fully pricing in a rate hold during next week’s FOMC meeting. The Japanese government is set to release inflation figures on Friday, before the Bank of Japan delivers what is widely expected to be a rate hold on the Yen. Scheduled economic publications aside, events surrounding Greenland are likely to dominate market sentiment for a while, although ongoing developments in Iran are not to be overlooked either.



#Gold #Silver #CPI

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