Precious metals are catching bids right now, hovering near record territory as geopolitical jitters flood the market. The culprit? Trump's push to acquire Greenland combined with tariff threats aimed at eight European nations. Both moves are cranking up fears of a potential US-EU trade war, and that's exactly the kind of uncertainty that sends investors hunting for safe havens.

Denmark's PM has been vocal about pushback on the Greenland proposal, which only adds fuel to the diplomatic fire. When headlines turn this combustible, gold and silver typically benefit—they become the default parking spot for nervous capital.

What's interesting here is the connection between geopolitical risk and how it reshapes market flows. Safe-haven demand spikes when trade tensions escalate, tariffs get floated, and international relations wobble. For traders watching macro drivers, this is textbook behavior. The question now is whether these tensions ease off or continue escalating, because that'll determine whether precious metals hold these levels or rally further.