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Tuesday, November 30, 2021

Gold Prices Ease as Trump Revives Hopes of Summit with North Korea

Gold Prices Ease as Trump Revives Hopes of Summit with North KoreaGold prices eased on Monday

Investing.com – Gold prices eased on Monday after U.S. President Donald Trump appeared to confirm his summit with North Korean leader Kim Jong-un is now back on track.

for June delivery on the Comex division of the New York Mercantile Exchange was down $5.6, or 0.43%, to $1,298.0 a troy ounce by 12:52AM ET (04:52 GMT).

“Our United States team has arrived in North Korea to make arrangements for the Summit between Kim Jong Un and myself,” Trump said in a tweet on Sunday afternoon.

“I truly believe North Korea has brilliant potential and will be a great economic and financial Nation one day,” Trump added. “Kim Jong Un agrees with me on this. It will happen!”

The tweet came just three days after he abruptly called off the historic meeting last week.

Meanwhile, Kim Jong Un agreed to hold talks with the U.S., according to South Korean President Moon Jae-in, who met with Kim on Saturday after the North Korean leader requested a casual meeting.

The  stood at 93.87, down 0.36%, at 11:42PM ET (03:42 GMT). 

After rising to this year’s high of 94.21 on Friday, the , which measures the value of the dollar against a basket of six major currencies, fell during Monday morning trade in Asia as the market dealt with the developments over a U.S.-North Korea summit.

In other precious metal trade, fell 0.3% to $16.505 a troy ounce, and climbed 0.3% to $903.4 an ounce.

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Source: Investing.com

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