Gold prices hit a six-year high as the stock market plummeted on news that China was devaluing its currency, retaliating against the United States in the President’s trade war. The spot price closed on the New York Mercantile Exchange at $1,463.40 per ounce, up $23.40, and the London afternoon fixing price for gold Monday was $1,465.25 per ounce. The last time it was that high was in May 2013.