Trump threatens to impose tariffs on Europe, gold prices hit new highs, and the stock market declines
Gold and silver prices hit historic highs, while most global stock markets declined. U.S. President Trump threatened to impose tariffs on eight European countries, raising concerns about the U.S.-Europe trade war. The price of gold soared to $4,690.59 per ounce, and silver reached $94.12. Asian stocks generally fell, with only the Seoul and Taipei stock markets rising against the trend. The U.S. dollar weakened, while the euro, British pound, and Japanese yen appreciated. Trump plans to impose a 10% tariff on Denmark, Sweden, France, Germany, the Netherlands, Finland, the United Kingdom, and Norway starting February 1, which could rise to 25% on June 1
