Prices of the safe-haven gold rebounded on Tuesday in Asia after falling below the $1,400 level as a trade truce between the U.S. and China boosted risk appetite.

The U.S. and China agreed to restart trade talks after U.S. President Donald Trump pledged to hold off on the implementation of new tariffs and also ease restrictions on tech company Huawei in order to reduce tensions with Beijing. China meanwhile agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table.

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