Gold Rally Cools as Trump Cites Greenland Framework With NATO

Gold’s rally to an all-time high cooled after US President Donald Trump said he’d refrain from imposing tariffs on goods from European nations that oppose his effort to take possession of Greenland, adding he reached a “framework of a future deal” regarding the island. Silver fell.

The decision, which Trump announced Wednesday on social media, marks a stark reversal for a president who has repeatedly attempted to coerce Europe over the semi-autonomous Danish territory. It came after a meeting with North Atlantic Treaty Organization Secretary General Mark Rutte at the World Economic Forum in Davos, Switzerland.