US index futures rose after potential trade talks with China, gold finding support at 20-DMA

From Investing.com: 2025-05-02 02:14:00

In today’s Asian session, US stock index futures initially fell but rebounded after China announced potential trade talks with the US. The Hong Kong stock market rallied by 1.6% after easing US-China trade tensions. Japan concluded trade talks with the US, with the Nikkei adding 1.1%. The yen tumbled after the Bank of Japan cut its growth forecast. Gold fell to a two-week low but rebounded slightly, awaiting US jobs data. Gold may see a bullish reversal at the 20-day moving average, with key support at $3,194/$3,162 and resistance at $3,315. Failure to hold support could lead to further decline.



Read more at Investing.com: US Index Futures Extended Gains While Gold Finds Support at the 20-DMA