Stocks rally, then ease on U.S.-China trade deal; oil gains

NEW YORK (Reuters) - Oil prices rose and a gauge of global equity markets hit a new high on Tuesday as investors awaited the signing of a China-U.S. trade deal they hope will spur world economic growth, after the economy in 2019 saw its weakest year since the financial crisis. Gold prices slid as the planned signing Wednesday of the Phase 1 trade deal dampened both the appeal of safe-haven bullion and the Japanese yen, which dropped to eight-month lows.MSCI's all-country world index and shares..