Gold futures rallied Tuesday to settled back above the key $1,400 mark, recouping much of the hefty losses they suffered in the previous session. Safe havens shined brightly Tuesday “as global slowdown worries are growing,” said Edward Moya, senior market analyst at Oanda. “The initial trade truce risk-on rally is over, and markets have little to show in hopes of a trade deal getting finalized anytime soon.” August gold GCQ19, +1.48% rose $18.70, or 1.4%, to settle at $1,408 on Comex. It fell 1.7% Monday, for the largest one-day loss since June 2018, according to FactSet data.
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