NEW YORK: The euro rose on better-than-expected German business morale data on Tuesday while global equity markets gained, with the S&P 500 and Nasdaq setting new closing highs, after a phone call cooled a recent flare-up in U.S.-China trade tensions.
Gold prices fell as the call, the first formal dialogue between top U.S. and Chinese trade officials since early May, bolstered risk sentiment and offset support for bullion from a weaker dollar.
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