Gold Price Flat In Ho-hum Reaction To Summit

June 12, 2018

London (June 12)  Gold futures continued to cling to the USD1300/ox mark Tuesday morning as traders assessed the historic US-North Korea meeting.

Though short on details, a summary of the Trump-Kim summit includes a committment from North Korea to pursue denuclearization.on the Korean peninsula.

"The US and the DPRK commit to establish new US-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity," according to a docusment released by the White House.

Gold was down USD1 at USD1301 an ounce, having seen little movement over the past few weeks.

The Federal Reserve is expected to raise interest rates on Wednesday.


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