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After the gold price closed below $1300 per troy ounce earlier last week, the gold price broke through the $1300/ounce barrier on Friday. The reason was clear: after peace between North and South Korea seemed a matter of time, peace negotiations went sour yet again. After weeks of peace talks between north and south, which should have resulted in a meeting between Kim Jong-Un and Donald Trump on June 12th in Singapore, Trump decided to cancel the Singapore summit due to “open hostility” from the North Korean delegation. “[T]he Singapore summit, for the good of both parties, but to the detriment of the world, will not take place,” Trump wrote in a letter to Kim Jong-Un. The seemingly never-ending conflict with North Korea appears to remain unresolved for now.

Reason of North Korea’s Sudden Willingness to Negotiate Seems Shady

Trump’s tweet that seemed to point at an end of the long-standing Korea conflict: Kim Jong-Un agreed to closing the nuclear test site and putting an end to all nuclear tests.

Not So Fast

Kim Jong-Un’s Willingness to Negotiate Perhaps Not a Coincidence

Geopolitical Instability Guaranteed

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