CANADA STOCKS-TSX futures gain as investors eye US-China talks, Fed meet

May 7 (Reuters) - Futures tied to Canada's main stock index rose on Wednesday, as investors focused on a potential de-escalation in the U.S.-China trade war and the Federal Reserve's ongoing monetary policy meeting.

June futures on the S&P/TSX index .SXFcv1 were up 0.7% at 6:27 a.m. ET (1027 GMT).

Washington announced late on Tuesday that representatives of the U.S. and China will meet over the weekend in Switzerland for talks, which could lead to the first step in resolving a trade war disrupting the global economy.

Meanwhile, Canadian Prime Minister Mark Carney visited the White House on Tuesday for his first meeting with U.S. President Donald Trump and termed the discussion as constructive.

Trump told reporters the meeting was "great," noting that he and Carney got along. However, he provided no details on any potential shifts in the trade policy between the two nations.

Separately, the Fed is set to announce its policy decision on Wednesday afternoon and is widely expected to keep interest rates steady.

Among commodities, oil prices rose and were slightly above the recent four-year lows.

Gold prices, on the other hand, fell more than 1% as optimism surrounding U.S.-China trade talks weakened the demand for safe-haven assets.

Prices of most metals in London were down.

On the corporate front, Barrick Mining ABX.TO reported first-quarter profit above estimates, driven by a rise in gold prices.

Canada's commodity-linked main stock index had gained on Tuesday as oil and gold prices climbed, but the move was limited after the meeting between Carney and Trump yielded no concrete shift in trade policy.

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