Amid a chaotic week overseas that started with a nervous sell-off sparked by US President Donald Trump’s decree that he would impose import tariffs on goods from some European allies as he set his sights on Greenland, it was gold that came out on top.

The resource spiked during the chaotic week, which was underpinned by dramatic speeches at the World Economic Forum in Davos, Switzerland.

Gold hit all-time highs and continued to climb. The Australian Dollar was also strong, reaching 15-month highs as markets repriced the possibility of an RBA rate hike.

But damage done in local markets was sticky, with the ASX 200 unable to recover the losses of the first three days and closing down 44 points for the week.

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The gold story also failed to translate into the South Australian stocks. The state’s junior explorers usually rally alongside the gold price, but largely missed out this time.

Instead, tech companies were at the top of the Winners list last week.

Nova EYE Medical hit 19 cents during the week, while Sparc Tech rose 17.07 per cent after announcing the first commercial sale of one of its products to an Asian coatings maker.

While prospective explorer Terramin was the lone gold player in the Winners list, it still remains down by 53.91 per cent on a year-on-year basis.

And Iondrive landed in the Winners list after announcing an executive shakeup, appointing a new CEO and non-executive director.

Duxton Farms was the biggest Loser of the week, down 15.85 per cent over the week, and 30.43 per cent over the year.

Other Losers included miner Resolution Minerals, Papyrus Australia, Prophecy International and Otto Energy, which all suffered double-digit declines in the trading week.

The full list of Winners and Losers for the week ending 23 January:

Data compiled by Baker Young Limited analysts.