Metals Rally to Records as Crypto ETFs See Strong Inflows Amid U.S.-Europe Trade Tensions Over Greenland

• Gold futures climbed 1.71% to a record $4,674.20 per ounce.
• Spot silver jumped 3% to cross $93.
• Copper remains near historic highs above $13,000 per metric ton on the LME.
• Bitcoin ETFs attracted $1.42 billion in net inflows last week.
• Ethereum ETFs saw $479 million in net inflows, their strongest five-day stretch in three months.

Precious and industrial metals rallied sharply on Monday as the U.S. dollar weakened amid a fresh trade dispute between the United States and several European allies over Greenland.

Over the weekend, U.S. President Donald Trump stated that eight European nations would face progressively higher tariffs unless an agreement is reached allowing the U.S. to purchase the Arctic island. Reports indicate the European Union is preparing potential retaliatory measures, with some officials describing the options under consideration as significant economic countermeasures.

The escalating rhetoric drove safe-haven demand for precious metals. Gold futures for February delivery rose 1.71% to settle at $4,674.20 per ounce, marking a new all-time high after last week’s previous record. Spot silver advanced more than 3% to trade above $93 per ounce. Copper, already at elevated levels after briefly topping $13,000 per metric ton on the London Metal Exchange last week, continued to trade near those peaks.

Meanwhile, cryptocurrency investment products also benefited from the uncertain macro environment. According to data compiled by CoinShares and cited by CoinDesk, digital asset investment vehicles recorded strong inflows during the second week of January. Bitcoin-focused ETFs posted $1.42 billion in net new assets, while Ethereum ETFs attracted $479 million—the best five-day performance for both in three months.

The simultaneous strength in traditional safe-haven metals and crypto-linked products highlights investor rotation toward assets perceived as hedges against currency depreciation and geopolitical risk. A weaker dollar typically supports dollar-denominated commodities and can encourage capital flows into alternative stores of value, including Bitcoin and Ether.

Market participants will be watching for any official statements from the EU or further comments from the White House that could either de-escalate or intensify the standoff over Greenland’s sovereignty.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.