Trade talk sends gold on wild ride

GOLD briefly plunged back below US$1500 an ounce overnight after US president Donald Trump said he would relax tariffs on China.

Trade talk sends gold on wild ride Trade talk sends gold on wild ride Trade talk sends gold on wild ride Trade talk sends gold on wild ride Trade talk sends gold on wild ride

Image: iStock/pma2010

Trump delayed a 10% tariff on some Chinese imports to avoid driving up consumer prices during Christmas shopping season.

US stocks jumped 1.5%, also boosted by a 4% jump in oil prices.

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