Market Update

Dear reader, welcome to the latest GoldRepublic newsletter! In just five minutes, we will fully inform you of current precious metal prices and the most relevant news that affects your investment in precious metals. Don't miss out on these valuable insights!

1. Trump wants to negotiate Greenland now

During his speech at the World Economic Forum in Davos, President Trump openly pressured Europe to cede Greenland. According to Trump, the US should be able to negotiate “immediately” to take over the island, which he sees as crucial to US security.

Trump ruled out military force but warned: those who do not cooperate will notice the NATO relationship. “You can say yes and we are grateful. You can say no, and we'll remember,” the president said. He stressed that Denmark “can't afford the island anyway” and reiterated his frustrations with the NATO alliance.

2. Trade agreement on hold

The consequences of Trump's Greenland claim are being felt: the European Parliament has halted the ratification of a US-European trade agreement. Reason: the threat of new import tariffs by Trump, intended to pressure European countries to sell Greenland.

The deal, which included a reduction in mutual tariffs, seemed to be a step towards better transatlantic relations. But now that the US is exerting territorial pressure on an EU member state, everything is in jeopardy. The EU accuses the US of “destabilization” and “trade policy blackmail”.

3. Danish pension giant sells US government bonds

The Danish AkademikerPension, with $25 billion under management, is getting out of US government bonds entirely. According to CIO Anders Schelde, the long-term risks have become too great: “The US is actually no longer a good borrower. Public finances are structurally unsustainable.” The timing is explosive. The decision comes amid tensions over Greenland, and while US interest rates are under pressure. Schelde: “We can find better alternatives elsewhere.”

explosive. The decision comes amid rising tensions over Greenland and at a moment when U.S. interest rates are under pressure. Schelde added: “We can find better alternatives elsewhere.”

4. Japanese interest rates rise, markets are shocked

Japanese 40-year government bond yields remained above 4%, a level not seen in decades. Investors are concerned about tax cuts in the run-up to the early elections on February 8.

Confidence in Japanese policy is crumbling. The yen remains weak, the stock market is falling, and the bond market remains unsettled. US policy makers are concerned: the shocks in Japan are seeping into US Treasuries, just as confidence there is also declining.

5. Gold on record, demand explodes

The gold price reached $4,888 an ounce and corrected slightly after Trump promised not to use force in the Greenland issue. Nevertheless, the trend remains up: investors are looking for a safe haven now that geopolitical risks, currency turmoil and monetary policy are on a collision course.

The central bank of Poland, the world's largest official buyer of gold, is buying another 150 tons, despite the high price. “Stability and credibility are more important than the course,” says board member Artur Sobon. The goal: protection against geopolitical chaos.