Wall Street stocks rebounded Monday after heavy pre-weekend falls as US President Donald Trump reignited his trade war with China.

European stock markets were mixed in afternoon trading while Asia’s leading stock markets began the week in the red as they caught up with Wall Street’s sharp losses Friday.

Gold reached a fresh record high thanks to its status as a safe haven investment.

“Things have calmed down almost as dramatically as the flare up on Friday when Donald Trump threatened 100 percent tariffs on China,” said City Index and FOREX.com analyst Fawad Razaqzada.

Trump wrote Friday on social media that he would impose an additional 100-percent tariff on China and threatened to cancel a meeting with Chinese counterpart Xi Jinping.

The US president had been to meet Xi at the Asia-

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