Gold prices declined sharply as the dollar gained against major currencies and equities recovered after a weak start.
U.S. political uncertainty added to worries about economies strained by the Sino-U.S. trade row.
Trump's rhetoric on China turned harsh once again as he delivered a stinging rebuke to Beijing's trade practices, saying he would not accept a "bad deal" in U.S.-China trade negotiations.
According to a report released by the Conference Board, U.S. consumer confidence deteriorated by much more than anticipated in the month of September.
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