Global equity markets fell on Wednesday (Nov. 13) on growing doubts that a trade deal between the United States (U.S.) and China can be reached soon, and fears that unrest in Hong Kong may lead to a Chinese crackdown, Reuters reported. The day after U.S. President Donald Trump warned Washington would raise tariffs on Chinese goods “very substantially” without a deal, trade uncertainty pushed investors to park funds in safe havens. This boosted gold prices as well as the Swiss franc, Japanese yen, and government debt.
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