Forex Marketz Daily Forex News – Fully Markets Update
Gold future contracts rose this morning during Asian trade hours. This comes despite a steady dollar and concerns over talks between the United States and China over trade. Investors are also focusing on today’s pending release of the FOMC minutes from last month’s meeting as well as U.S. and North Korea’s planned summit which might not occur.
As of 1 am GMT, spot gold (XAU/USD) rose. Futures were up 0.2 percent at $1,293.53 per ounce.
U.S. gold futures, for June delivery, were fat. They last fetched $1,292.50 per ounce from their last settlement.
The U.S. Dollar index, which measures the dollar against of six Forex partners, rose this morning. It was up 0.1 percent to 93.670. The dollar index settled down since setting a five month high on Monday.
Gold Traders as well as Asian Markets eye Global Headlines around North Korea
Donald Trump tweeted that there was a “substantial chance” his summit with North Korean leader Kim Jong Un will not happen. The summit is planned for June 12. There are fresh concerns that Kim is not willing to surrender his nuclear weapons.
Asian markets were up a bit this morning despite cautious trade after President Donald Trump cooled off optimism with trade talks between the world’s two largest superpowers, China and the United States.
Trump said he was not pleased with recent trade talks between the two countries. He is keeping the door open for further talks, however.
In other headlines, the U.S. House of Representatives passed a bipartisan legislation to ease banking rules. These rules were put in place after the 2007-2009 financial crisis. This hands President Trump a big legislative victory.
