NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
Gold prices retreated from a record high after some profit-taking and the dollar's strengthening, though concerns about the coronavirus' toll on the economy limited bullion's losses.
Oil prices rose as manufacturing data from the United States, Europe and China offset oversupply fears fueled by the prospect of the Organization of the Petroleum Exporting Countries and its allies winding back output cuts.
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