Gold and silver prices soared to fresh record highs on January 19, 2026, as investors globally flocked to safe-haven assets amidst intensifying geopolitical uncertainty and trade war fears. Spot gold climbed to peaks around $4,689-$4,700 per ounce, while silver surged past $93-$94 per ounce, reflecting significant market anxiety. This latest rally is directly linked to a renewed 'Greenland crisis' during U.S. President Donald Trump's second presidency. President Trump has significantly escalated his rhetoric and actions concerning the acquisition of Greenland, reiterating his desire for the U.S. to take control of the autonomous Danish territory for national security reasons. In a move that has sparked widespread condemnation, Trump announced plans to impose 10% tariffs on goods from eight European countries—Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland—starting February 1, 2026. These tariffs are threatened to increase to 25% by June 1 if a deal for the "Complete and Total purchase of Greenland" is not reached. In response, the European Union is holding emergency meetings, and Denmark, supported by other NATO allies, has firmly rejected Trump's demands, stating unequivocally that "Greenland is not for sale" and emphasizing respect for sovereignty and international law. Protests against the U.S. move have also occurred in Greenland and Denmark. This escalating dispute, coupled with ongoing global economic concerns, has significantly boosted safe-haven demand for precious metals.