On Thursday, U.S. President Donald Trump canceled his June 12 summit with Korean leader Kim Jong-Un because of what he called the “tremendous anger and open hostility” from Pyongyang.
However, Trump described on Friday a conciliatory statement from North Korea saying it remained willing to meet with the U.S. as “warm and productive”, suggesting that the door was not completely closed on eventual talks.
Escalating friction between China and the U.S. on trade issues also served to increase appetite for the safe haven asset in the week.
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