Geopolitical tension around Greenland is shaking global markets again as U.S. tariff threats and strategic rivalry escalate volatility across asset classes. Investors have fled to safe havens like gold and Swiss francs, while select companies exposed to rare earths and critical materials have seen strong inflows and price gains. This article digs into how the Arctic standoff is creating winners and losers in an uncertain macro environment.

Uncertainty and trade tariffs have once again come to the fore after US President Donald Trump stepped up pressure on European countries last week over the issue of the takeover of Greenland. The Trump administration has threatened to impose new tariffs on imports from eight European countries unless they are willing to negotiate on US strategic interests in the Arctic, sparking a sharp sell-off in stocks and increased volatility in global markets. Fear indicators such as the CBOE Volatility Index (which measures the expected volatility of the US…