Sentiment Steadies after Trump Cools Rhetoric on China, Gold at Record Highs

GLOBAL MARKET - LONDON. World markets found steadier ground on Monday after being whipsawed by broadsides in the U.S.-China trade war, while gold hit new record highs in a sign that uncertainty remained high.

While U.S. President Donald Trump had threatened 100% tariffs on China from November 1 and Beijing said it could take countermeasures, he sounded more conciliatory on Sunday, posting that the U.S. did not want to "hurt" China.