Chinese State Media: Xi, Biden had candid conversation on US-China ties

Following the recent White House announcement of the first telephonic talks between US President Joe Biden and his Chinese counterpart Xi Jinping, Reuters quotes Chinese State Media to confirm that the leaders, “had a broad, candid, in-depth and strategic conversation about China-U.S. ties and issues of mutual concern on a telephone call.”

Also read: White House: US President Biden and China's Xi speak by phone for first time since February

More details (from Reuters)

US policy on China imposes great difficulties on China-US relations.

Xi says should push forward China-US relations to get back to the right track.

Xi says both sides agreed to maintain frequent contact via multiple means.

Both sides agreed to step-up working-level teams communications.

FX implications

Market sentiment improves on the news, fueling the gold prices towards $1,800 by the press time of early Friday.