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Stock impact report

Gold and silver prices hit high after tariff threat [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
The price of gold touched $4,689.39 (£3,499) an ounce on Monday, while silver rose to a peak of $94.08 an ounce. Precious metals are seen as safer assets to hold in times of uncertainty, and the prices of both gold and silver have soared over the past year. The row over the future of Greenland has escalated following the threat of extra tariffs by the US and there are reports that the EU is preparing to retaliate. While gold and silver prices rose, stock markets in Asia saw modest falls with Japan's Nikkei index closing down 0.6%. Stock markets in Europe are expected to open lower, but markets in the US are closed on Monday for a public holiday. On Saturday, Trump announced a 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland would come into force on 1 February, but could later rise to 25% - and would last until a deal on Greenland was reached. Reports have suggested the EU is considering responding with a €93bn (£80bn) Show less Read more
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