FTSE 100 Dips Amid Rising Tariff Tensions and Geopolitical Uncertainties

The UK's FTSE 100 experienced a significant decline due to uncertainty over potential U.S. tariffs on European countries, including the UK. Investor sentiment was impacted as geopolitical tensions arose from Trump's threats. While precious metals miners rose, pharmaceutical stocks and life insurers dropped, influencing the market dynamics.

The UK's FTSE 100 saw its sharpest decline in nearly two weeks on Tuesday as investor sentiment soured amid increasing uncertainties over potential U.S. tariffs related to Greenland.

The index closed 0.72% down, marked by geopolitical tensions triggered by Trump's threat to impose tariffs unless the U.S. is allowed to buy Greenland.

Amidst market shifts, precious metals miners bolstered gains as gold prices soared past $4,700 an ounce, while pharmaceuticals and insurers saw declines, reflecting broader market volatility.