U.S. stock markets gave up considerably on Tuesday. At closing in New York, the Dow traded at 48,488 points, a decline of 1.8 percent versus the previous trading day.
Earlier by a few minutes, the broader S&P 500 was down about 2.1 percent with roughly 6,795 points, and the technology exchange Nasdaq had the Nasdaq 100 at about 24,985 points, also down 2.1 percent.
Uncertainty at Wall Street was caused by the recent tariff threats from U.S. President Donald Trump in the Greenland conflict. Many investors may, however, hope that the announcement is merely part of a negotiation strategy. A war over Greenland within NATO is still barely being imagined by anyone in the markets. Nevertheless, many investors flock to the supposedly crisis‑resistant precious metals.
The euro was stronger on Tuesday night: one euro cost 1.1717 U.S. dollars, while a dollar was thus worth 0.8535 euros.
Gold prices benefited significantly; in the evening, a fine ounce was sold at $4,757 (+1.8 percent). That equals a price of €130.52 per gram.
Oil prices fell slightly: a barrel of North Sea Brent was priced at $63.87 at about 10:00 p.m. German time on Tuesday night, 7 cents or 0.1 percent less than at the close of the previous trading day.