Nasdaq futures fell more than 1%, spot gold hit a new high, and Trump issued a tariff threat regarding Greenland

Wallstreetcn
2026.01.19 08:07
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On Monday, the 19th, influenced by Trump's proposal to impose new tariffs on eight European countries, global market risk aversion increased, with safe-haven assets like gold and U.S. Treasuries rising, while U.S. stock futures fell.

According to CCTV News, U.S. President Trump stated that he would impose a 10% tariff on eight European countries that opposed his acquisition of Greenland, which would increase to 25% after several months, until an agreement is reached for the "complete and total purchase of Greenland," raising market concerns about a trade war.

U.S. stock futures opened lower, with S&P 500 futures down 0.8% and Nasdaq futures down 1.1%.

U.S. 10-year Treasury futures rose by 5 points, and 30-year Treasury futures also rose by 5 points.

Spot gold surpassed the $4,690 per ounce mark, reaching a new historical high, with an intraday increase of over 2%. Spot silver surpassed the $94 per ounce mark, setting a new historical high, with an intraday increase of over 4%.

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