Stock markets are registering losses due to tensions between the US and Europe.

BarcelonaThe escalating tension between the US and Europe over Greenland has weighed on stock markets. Equity markets across Europe registered declines of more than 1% at the start of the week, following Donald Trump's announcement of additional tariffs on countries sending troops to Greenland and the potential response from the European Union (EU). However, the declines moderated by the end of the day.

In this context, just as The World Economic Forum begins In Davos, Switzerland, where the world's economic elite, including US President Donald Trump, gather, gold has once again capitalized on its safe-haven status, reaching a new all-time high of $4,690 per ounce. Silver has also traded at unprecedented levels, slightly above $94 per ounce. Meanwhile, the dollar is falling due to the potential outbreak of a trade war.

Analysts fear a significant market correction, both as a result of geopolitical tensions and the resurgence of a potential trade war. The Ibex, Spain's main stock market index, fell by around 1% at one point, but ultimately closed down 0.26% at 17,665.30. The Eurostoxx 50, which tracks leading European stocks, lost 1.72%, closing at 5,925.82. The declines began in Asian markets. In addition to Greenland, other variables are capturing investors' attention, such as China's gross domestic product (GDP) growth, which rose by 4.5% in the October-December period. For the year as a whole, the increase was 5%, in line with the Chinese government's target.