World stocks sink, gold hits high on escalating trade war fears

World stock markets lost ground on Tuesday, while precious metals hit fresh peaks on fears of a US-EU trade war fuelled by Donald Trump's tariff threat over opposition to his ambitions to grab Greenland, which has stoked volatility."Overall, this is a manmade crisis, and the continued sell off on Tuesday suggests that US threats to Greenland and their effects on financial markets could have further to go if the situation does not deescalate soon," Brooks opined.