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U.S.-China trade tensions eased after Trump backed off 100% tariffs, calming markets and boosting gold.
Global markets steadied on Monday after weeks of turmoil sparked by U.S.-China trade tensions, as President Trump softened his earlier threats of 100% tariffs on Chinese goods starting November 1, easing investor concerns.
Although Beijing had warned of retaliation, Trump’s more restrained tone over the weekend helped calm markets.
Gold reached record highs amid persistent worries over economic uncertainty and geopolitical risks, with ongoing scrutiny of future trade policies and diplomatic developments between the two nations.
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Las tensiones comerciales entre Estados Unidos y China se aliviaron después de que Trump retiró los aranceles del 100%, calmando los mercados e impulsando el oro.