The price of precious metals have continued a historic rally amid a weakening dollar and global uncertainty, like President Donald Trump’s push to acquire Greenland and tariff threats.

Chris Weston, head of research at Pepperstone, said gold is increasingly a “hedge against Trump” and his “absolute unpredictability.”

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