Trump Greenland threat triggers search for shelter beyond gold, defense

Investors have piled fresh bets on gold and European defense stocks in response to U.S. President Donald Trump's threats to take control of Greenland, fearing a geopolitical rift that could end NATO, shatter the global order and ‌damage the dollar. It is too ‌soon to see any signs of that shifting on the back of the U.S. action in Venezuela or its ‍Greenland threats, with some saying it could prompt money to move out of the U.S. "I remain nervous that actions that are seen as the U.S. breaking the rules of the road, could lead to shifts in asset allocation, bringing money back to Europe, back to Asia," said First Eagle's Appio.