Trump tariffs hit USD; Greenland tensions boost gold.

On Monday, Trump threatened to impose tariffs on Europe, causing investors to turn to safe haven currencies such as the Swiss franc. The US dollar index came under pressure during the day and ultimately closed down 0.33% at 99.05; The benchmark 10-year Treasury yield ultimately closed at 4.227%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.592%. On Monday (January 19th), spot gold prices soared to a record high of $4690.46 per ounce, and investors turned to gold amid uncertainty. This safe haven demand not only pushed up precious metal prices, but also exposed the potential fragility of the global economy. On Tuesday morning (January 20th) in the Asian market, spot gold fluctuated at a high level, trading around $4670 per ounce, and market attention began to focus on the Davos World Economic Forum. The situation between the United States and Iran has eased, international oil prices remain stable, and the situation in Greenland has become a focus of attention. WTI crude oil ultimately closed up 0.32% at $59.42 per barrel; Brent crude oil ultimately closed up 0.12% at $63.24 per barrel.