{"id":44677,"date":"2026-01-19T15:05:46","date_gmt":"2026-01-19T07:05:46","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=39481"},"modified":"2026-01-19T15:05:46","modified_gmt":"2026-01-19T07:05:46","slug":"gold-surges-on-bubbling-tariff-talks","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/gold-surges-on-bubbling-tariff-talks\/","title":{"rendered":"Gold Surges on Bubbling Tariff Talks"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/download-8-1-1024x559.png\" alt=\"\" class=\"wp-image-16842\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAUUSD climbs above $4,660 after touching a record high at $4,689.39.<\/li>\n\n\n\n<li>Tariff threats tied to Greenland escalate geopolitical risk and pressure the US dollar.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold prices surged on Monday as market participants rotated sharply into safe-haven assets following renewed geopolitical tensions. <strong>XAUUSD jumped 1.6% to $4,666.11 as of 0551 GMT<\/strong>, after briefly touching a <strong>record high of $4,689.39<\/strong> earlier in the session.<\/p>\n\n\n\n<p>The move marks another leg higher in what has already been a strong start to the year for bullion.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold rose to a record high after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland <a href=\"https:\/\/t.co\/VpypJh1j59\">https:\/\/t.co\/VpypJh1j59<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2013029378909782047?ref_src=twsrc%5Etfw\">January 18, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The rally followed comments from US President Donald Trump over the weekend, where he threatened to impose additional tariffs on European countries unless the United States is allowed to buy Greenland.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Starmer is expected to reaffirm the UK\u2019s commitment to NATO in a press conference on Monday, after Trump threatened to impose tariffs on the UK and other European nations over Greenland <a href=\"https:\/\/t.co\/a2QAwySOfP\">https:\/\/t.co\/a2QAwySOfP<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2013018109909635280?ref_src=twsrc%5Etfw\">January 18, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The remarks escalated tensions with Europe and injected fresh uncertainty into global trade and political relations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Tariff Threats Weigh on Risk Assets and the Dollar<\/h2>\n\n\n\n<p>Trump\u2019s comments triggered a broad risk-off reaction across markets. US stock futures declined, while the <strong>US dollar weakened<\/strong>, increasing the appeal of non-yielding assets such as gold.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The dollar faces fresh headwinds as President Trump weighs tariffs on European nations tied to his plan to acquire Greenland, raising uncertainties over US policies, according to analysts <a href=\"https:\/\/t.co\/oRRscRu1gG\">https:\/\/t.co\/oRRscRu1gG<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2013106168940400958?ref_src=twsrc%5Etfw\">January 19, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The shift in sentiment reinforced gold\u2019s role as a hedge against political risk and policy uncertainty.<\/p>\n\n\n\n<p>European Union ambassadors are reportedly preparing retaliatory measures should the tariffs be implemented, raising the risk of a prolonged standoff. This has added another layer of instability to an already fragile geopolitical backdrop, keeping demand for gold firmly supported.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold continues its bullish ascent, breaking through recent resistance with strong upward momentum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/2_image-14-1024x446.jpg\" alt=\"\" class=\"wp-image-39482\" \/><\/figure>\n\n\n\n<p>The alignment of the <strong>MA5, MA10, MA20, and MA30<\/strong> confirms a healthy trend structure, with all moving averages pointing upward and price steadily respecting dynamic support.<\/p>\n\n\n\n<p>The <strong>MACD (12,26,9)<\/strong> shows a widening gap between the MACD line (96.89) and the signal line (85.33), supported by growing green histogram bars\u2014indicating strengthening bullish momentum.<\/p>\n\n\n\n<p>This suggests further upside potential in the near term if momentum sustains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Near-term Outlook for Gold<\/h2>\n\n\n\n<p>Looking ahead, XAUUSD remains sensitive to developments around trade policy, geopolitical tensions and movements in the US dollar. As long as <a href=\"https:\/\/t.co\/6XxVgaZQ6z\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">tariff risks remain unresolved<\/a> and political uncertainty stays elevated, gold is likely to remain well supported.<\/p>\n\n\n\n<p>In the near term, consolidation above the $4,600 level would reinforce the bullish bias.<\/p>\n\n\n\n<p>A sustained break above the recent <strong>$4,689.39<\/strong> high would open the door for further upside, while any pullbacks are likely to attract buyers seeking exposure to a still-favourable macro backdrop.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noopener\" title=\"\">here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold price jumps to fresh highs as tariff threats and geopolitical risk drive safe-haven demand and weaken the US dollar.<\/p>\n","protected":false},"author":64,"featured_media":16842,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6,13],"class_list":["post-44677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold","tag-precious-metals"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=44677"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/44677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16842"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=44677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=44677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=44677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}