India, Jan. 20 -- Gold and silver prices surged to unprecedented record highs on Monday, fueled by a rush of safe-haven buying after former U.S. President Donald Trump reignited a geopolitical dispute by threatening tariffs on European allies over Greenland. The escalation sent investors scrambling for traditional stores of value.

The immediate catalyst was a statement from President Donald Trump on Saturday, threatening several European allies with escalating tariffs unless the U.S. is allowed to purchase Greenland from Denmark. This reignition of a longstanding geopolitical dispute created immediate market anxiety over a potential transatlantic trade conflict. Investors responded by moving capital into perceived safe-haven assets, prin...