Gold futures retraced May's gains after the U.S. and China agreed to a major de-escalation of the trade war. Gold prices fell 3.5% to below $3,229 a troy ounce early Monday. At their

Global markets rose after the US and China slashed tariffs for 90 days in a significant de-escalation of the trade war. US tariffs on Chinese goods will fall to 30 per cent from 145 per cent and Chinese duties on US imports will fall to 10 per cent from 125 per cent, the two countries announced on Monday.

Shares of many companies that source at least some of their goods from China are surging on Monday as U.S. and Chinese officials announced that they had reached a deal to roll back most of their recen