Greenland Ownership Dispute 2026 Sparks Record Gold and Silver Rallies
The Greenland ownership dispute 2026 has hit a stalemate, driving gold and silver prices to record highs. TSMC reports strong profits amid broad market declines.
A fundamental disagreement at the White House is shaking the global order. Top officials from Greenland, Denmark, and the U.S. met on Wednesday to discuss Washington's bid for ownership, but they've left with no deal. According to Reuters, this diplomatic rift is directly fueling a massive flight to safety in the commodities market.
Greenland Ownership Dispute 2026 and Asset Turmoil
President Donald Trump hasn't backed down, calling anything less than U.S. control "unacceptable." This hardline stance has raised the specter of an armed clash. Olafur Ragnar Grimsson, Iceland's former president, told CNBC that such a conflict would trigger "monumental consequences" for the Western alliance.
The market's reaction was swift. Gold and silver are smashing records. Silver has already popped 26.6% within the first two weeks of 2026. Meanwhile, oil prices fell roughly 1.5% as Trump signaled potential flexibility regarding Iran, indicating he might refrain from military action there.
Chip Stocks Dip Despite TSMC's Earnings Beat
U.S. markets weren't immune to the tension. Major indexes fell Wednesday, dragged down by semiconductor giants like Nvidia and Micron. However, TSMC provided a glimmer of hope, reporting a 35% increase in fourth-quarter profit. It shows that while geopolitics is messy, the hunger for AI chips hasn't abated.
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