Gold surged to multi‑year highs as investors fled to haven assets, sending the dollar lower. Uncertainty stoked by Trump’s Greenland manoeuvres and erratic policy signals shifted market mindset, giving the metal its best week since 2008.

SpaceX is working with major Wall Street banks, including Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, on a potential record IPO as soon as this year. The move follows a sharp rise in valuation, with investors focused on the growth prospects of Starlink and launch services.

Donald Trump said the US would not take Greenland by force, instead urging negotiations on a deal he argued could benefit both sides. He kept pressure on European partners, while markets steadied following his remarks at the economic forum.

Trump declared there is “no going back” on US control of Greenland, widening a rift with European leaders. The stance rattled markets, drew scrutiny of the UK’s position and left only a tentative prospect of talks at Davos.