Precious metal closes in on $5,000 and silver tops $100 as Trump’s shortlived tariffs threat sparks rush to safe havens

US president tells audience in Davos that a possible purchase should not be seen as a threat to Nato

US moves on Greenland may have boosted traditional havens such as precious metals but the developing world is on a roll

Trump’s rambling Davos speech was vaguely menacing rather than explicitly threatening

Precious metal closes in on $5,000 and silver tops $100 as Trump’s shortlived tariffs threat sparks rush to safe havens

Behind the crisis caused by Donald Trump’s threats is a much bigger change: the waning of US hegemony and the coming of a multi-polar age