CNBC Daily Open: Gold and silver pop over geopolitical turmoil, including U.S.-Denmark rift over Greenland

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Denmark's Foreign Minister Lars Loekke Rasmussen and Greenland's Foreign Minister Vivian Motzfeldt conscionable with U.S. Senators Angus King (I-ME), Lisa Murkowski (R-AK) and Ruben Gallego (D-AZ) successful King's bureau connected Capitol Hill, Washington D.C., U.S., Jan. 14, 2026.

Nathan Howard | Reuters

Top officials from Greenland, Denmark and the U.S. met astatine the White House Wednesday to sermon Washington's arguable bid to asseverate ownership implicit Greenland.

The league ended without an agreement, reflecting what Danish Foreign Minister Lars Lokke Rasmussen called a "fundamental disagreement" betwixt U.S. President Donald Trump and Copenhagen.

That's hardly surprising.

Even earlier convening successful the White House, each parties appeared to person made their stance regarding the contented abundantly clear.

"If we person to take betwixt the USA and Denmark present and now, we take Denmark. We take NATO, the Kingdom of Denmark and the EU," Greenland Prime Minister Jens-Frederik Nielsen said Tuesday.

And successful a social media post conscionable anterior to the Wednesday meeting, Trump reiterated his tendency for unequivocal U.S. power of Greenland, insisting that "Anything little than that is unacceptable."

On a abstracted overseas argumentation front, the president signaled much flexibility connected Iran. Trump indicated that helium might refrain from attacking the country due to the fact that "we've been told that the sidesplitting successful Iran is stopping."

Following his comments, lipid prices fell astir 1.5% during Wednesday U.S. trading. However, planetary geopolitical turmoil, arsenic good arsenic Trump's evident onslaught connected the Federal Reserve's independence, is pushing up the prices of golden and silver. The second has already popped 26.6% wrong the archetypal 2 weeks of 2026.

Over successful U.S. markets, large indexes fell connected Wednesday, dragged down by spot stocks. Taiwan Semiconductor Manufacturing Co., the world's largest declaration spot manufacturer, volition study full-year net aboriginal today. If it provides optimistic guidance, a speedy betterment for semiconductor stocks mightiness beryllium successful the books.

— CNBC's Sam Meredith and Kevin Breuninger contributed to this report.

What you request to cognize today

Trump and Denmark person a 'fundamental disagreement' implicit Greenland. That's according to Danish Foreign Minister Lars Lokke Rasmussen, who made the remark following a gathering with apical U.S. officials successful Washington connected Wednesday.

Tesla's Full Self-Driving volition beryllium a monthly subscription. CEO Elon Musk said the bundle volition not beryllium connected merchantability for a level complaint aft Feb. 14. FSD, which is cardinal to autonomous vehicles, volition start astatine $99 per month, compared with its one-time terms of $8,000.

Trump clears merchantability of Nvidia's H200 chips to China. Formal regulations of the approval, announced successful December, were published by the U.S. authorities connected Tuesday. The U.S. authorities volition instrumentality 25% of the income of the chips, which are not designed specifically for China.

Major U.S. indexes fell Wednesday. Chip stocks weighed connected markets, with Broadcom, Nvidia and Micron sliding. The pan-European Stoxx 600 roseate 0.18% to touch a grounds high. BP shares added 1.5% adjacent arsenic the lipid elephantine warned astir taking impairment charges of $4 cardinal to $5 billion.

[PRO] Gold and metallic are smashing records. The precious metals had a monolithic rally successful 2025, and person started this twelvemonth without immoderate motion of that momentum losing steam. Here's why their ascents are not slowing.

And finally...

Trump's latest geopolitical gambits each pb backmost to China

In 10 days, Donald Trump captured the Venezuelan president, spooked European leaders with speech of annexing Greenland, and imposed 25% tariffs connected anyone trading with Iran. The communal thread whitethorn beryllium America's determination to situation China and its dominance of captious minerals.

By taking implicit Venezuela's lipid industry, the U.S. tin curb Chinese entree to important resources and mining investments. By annexing Greenland, it could support rivals retired of emerging commercialized routes and, potentially, the mining of minerals. By tariffing anyone trading with Iran, the U.S. tin penalize some the Middle Eastern state and China for buying lipid from it.

— Tasmin Lockwood

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