Gold and silver hit record highs Monday while most equity markets fell after Donald Trump revived trade war fears by threatening several European nations with tariffs over their opposition to the United States buying Greenland.

At an urgent meeting, the European Union (EU) has favoured holding talks for now instead of going ahead with the ’trade bazooka’ over US President Donald Trump’s announcement of tariffs as part of a campaign to occupy Denmark’s Greenland island.

Stellan Skarsgård has addressed the escalating stand-off between Donald Trump and Europe over the U.S. president’s demand that Denmark handover its autonomous territory of Greenland. The Swedish actor and Norwegian Sentimental Value director Joachim Trier,