Gold and Silver prices surged to record highs amid escalating geopolitical tensions, including fears of a Greenland-EU tariff war and renewed Iran-related conflicts. The U.S. imposed new tariffs on European nations over Greenland, raising concerns about potential EU retaliation. Meanwhile, stock markets declined with the S&P 500 approaching a one-month low, and Bitcoin continued its downward trend. The surge in precious metals reflects increased demand for safe-haven assets amid global uncertainty, impacting commodity markets and investor sentiment.