The U.S. stock markets fell sharply on Tuesday. At the close in New York, the Dow was recorded at 48,488 points, a decline of 1.8 percent compared with the previous trading day.
Just a few minutes earlier, the broader S&P 500, at roughly 6,795 points, was down 2.1 percent, while the technology index Nasdaq had the Nasdaq 100 at about 24,985 points, down 2.1 percent at that time.
Uncertainty at Wall Street was sparked by recent tariff threats from U.S. President Donald Trump regarding the Greenland dispute. Many investors, however, may hope that the announcement is only part of a negotiation strategy. The prospect of a war over Greenland within NATO is still scarcely imaginable on the markets. Nevertheless, many investors are fleeing to the supposedly crisis‑proof metals.
The euro, the European community’s currency, was stronger on Tuesday evening: one euro cost 1.1717 U.S. dollars, and one dollar was thus worth 0.8535 euros.
The gold price benefited significantly, and in the evening 4,757 U.S. dollars were paid for one troy ounce (+1.8 percent). That corresponds to a price of 130.52 euros per gram.
The oil price, meanwhile, fell slightly: one barrel of North Sea Brent was priced at 63.87 U.S. dollars at around 10 p.m. German time on Tuesday evening, which was 7 cents or 0.1 percent less than at the close of the previous trading day.
