22-01-2026
Global markets are calmer for now as recent changes in U.S. trade policy, Arctic geopolitics, and key economic data reduce immediate uncertainty. President Trump’s decision to pause tariffs, progress in Greenland–Arctic security talks, and mixed U.S. economic signals have created fresh movement in commodity markets.
22-01-2026
Tariffs suspension
U.S. President Trump has decided to pause new U.S. tariffs on Europe after discussions with NATO about Greenland and Arctic security. Earlier, the U.S. had planned to impose 10% tariffs from February 1, 2026, which could rise to 25% by June, on countries like Germany, France, the UK, and Denmark. These tariffs were meant to push Europe to support U.S. plans in Greenland, which is important because of its strategic location and defense value.
22-01-2026
Greenland–Arctic deal
Trump said the US and NATO have agreed on a basic plan to work together in the Greenland–Arctic region, calling it a win for both sides. The aim is to strengthen security, including talks on a missile defense system called the “Golden Dome,” which would use Greenland’s strategic location to protect against missile threats. This shows increasing security cooperation in the Arctic. For gold and silver, this is slightly negative in the short term, as easing geopolitical tensions reduce safe-haven demand, which can put mild pressure on precious metal prices.
After Trump’s announcement, global markets turned positive as the risk of a trade conflict reduced for the time being. Earlier, fears of tariffs had increased demand for safe assets like gold and silver, but with tariffs paused, market confidence improved, stocks moved higher, and demand for safe havens slightly weakened. However, uncertainty remains because talks are still ongoing, and if negotiations fail, market volatility could increase again.
22-01-2026
Board of Peace Meeting
Trump said the U.S. is working to reduce wars and bring peace around the world. He also spoke about the strong U.S. economy, with good growth in jobs, production, and investment. On Iran, he said talks are possible to reduce tensions, and a deal can happen if both sides agree. He also focused on ending the Ukraine war, improving ties with Venezuela, and asking NATO allies to spend more on defense. Overall, these peace efforts may put short-term pressure on gold and silver prices.
22-01-2026
Economic Data
Today economic data includes GDP, unemployment claims, and Core PCE inflation. The previous GDP was 4.3%, unemployment claims were 198k with a forecast of 209k, and Core PCE was 0.2% month-on-month. Unemployment data directly affects gold and silver if claims go up, gold and silver usually rise. GDP and Core PCE have the opposite effect—strong numbers may push gold and silver down. So, today’s data will be important for short-term market moves.
Overall, easing trade tensions and better cooperation between countries have reduced fear in the markets, which has slightly weakened gold and silver prices in the short term. However, talks are still ongoing and economic signals are mixed, so uncertainty remains. If negotiations fail or economic data weakens, market volatility can rise again and demand for safe assets like gold and silver may increase.
22-01-2026
DETAILS OF RESEARCH ANALYST