Yahoo Finance Video Wed, January 21, 2026 at 5:13 AM GMT+8

In this video: GC=F

BTC-USD

SI=F

Gold (GC=F) and silver prices (SI=F) surged to new record highs on Tuesday following President Trump's latest tariff threats against European nations that don't support the proposed US acquisition of Greenland.

Yahoo Finance Senior Reporter Ines Ferré outlines the geopolitical headlines driving commodities prices higher.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.

Video Transcript 00:00 Nez

Yeah, Josh and if we take a look at gold futures today up above $4,700 per ounce, 4763 to be exact right now. And silver futures also touching the $95 level earlier today. The debasement trade as one analyst put it is on fire and precious metals are the outlet. and this of course has to do with Greenland, uh when it comes to gold, also central bank buying, high fiscal deficits and basically the theory that, well, the only way to get get rid of those is to inflate away the debt. And so that's why you're seeing this uh sort of debasement trade, this this massive rally that we've seen with the with the precious metals. Uh one though analyst noting from Saxo Bank, watch out because at some point, especially when it comes to silver, when you're looking at this, look, year-to-day rally up 33% for silver. This is after last year was up at around 150%. At some point, demand destruction kicks in. And also taking a look at where we're at with Bitcoin. That has seen a move lower today. I'm going to pull up the Bitcoin chart. So you can see Bitcoin, Ethereum, uh weakness that we've seen with cryptocurrencies recently. Bitcoin down more than 3 and a half percent, trading at around 89,500 per token. A 10x research note that just came out this afternoon, basically watching for the $87,000 level. They're basically saying if you go below that, then they could reverse their strategy there, but uh right now holding up above 89. Josh.

Thank you, Nez. appreciate it.