Asian stocks rose along with US equity-index futures after China and the US made “substantial progress” on their trade talks, spurring a risk-on mode. Gold tumbled as much as 2% on easing demand for havens.

Stock index futures gained on Thursday as President Donald Trump said a trade deal will be unveiled, while investors assessed the Federal Reserve's decision to keep rates steady. S&P 500 futures (SPX) +1.

U.S. stock index futures rebounded on Wednesday as hopes of a de-escalation in trade tensions with Beijing firmed, while the Federal Reserve's ongoing monetary policy meeting remained in focus. Washington announced late on Tuesday that representatives of the two countries would meet over the weekend in Switzerland for ice-breaker trade discussions.