Gold and silver prices climbed fresh peaks on Monday, as investors flocked to safe-haven assets on intensifying tensions, after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

China has reported its economy expanded at a 5% annual pace in 2025, buoyed by strong exports despite U.S. President Donald Trump’s tariffs.

Trump threatens tariffs on Denmark and European allies to pressure negotiations over Greenland acquisition, with rates potentially rising to 25% by June.

Bessent's comments come one day after Trump said he would impose new tariffs on some European goods until a deal is struck for the U.S. to acquire Greenland.

One local coffee bean company said its costs had skyrocketed by up to $75,000 since tariffs were imposed in 2025.

MACHADO MEETING: Trump met with Venezuelan opposition leader María Corina Machado, who presented him with the Nobel Peace Prize that she won last year. Per the Nobel Institute, a Nobel Prize can’t be revoked, shared or transferred.

Republican lawmakers are scrambling to contain President Donald Trump's threats of taking possession of Greenland, with some showing the most strident opposition to almost anything the Trump administration has done since taking office.