Asia-Pacific markets looked set to gain on Tuesday after U.S. President Donald Trump said Washington and India had reached a trade deal and would immediately begin cutting tariffs on each other’s goods.

Trump added that Indian Prime Minister Narendra Modi had agreed to increase purchases of U.S. products, according to a post published by The Truth Society on Monday following a phone call between the two leaders.

Trump added that under the deal, India would also stop buying Russian crude and instead buy more from the United States and possibly Venezuela.

Japanese Nikkei 225 Index Futures opened stronger, with the Chicago contract at 54,085 points and the Osaka contract at 54,000 points, while the previous closing price was 52,655.18 points.

Hong Kong Hang Seng Index futures were at 26,953 points, higher than the benchmark’s last closing price of 26,775.57 points.

Australian S&P/ASX 200 Index It was up 1.3% in early trading. Economists polled by Reuters expect the Reserve Bank of Australia to raise policy rates.

Investors will continue to focus on gold and silver prices after recent volatility, with silver prices tumbling about 30% on Friday in the metal’s worst single-day performance since 1980. Gold also fell nearly 10%.

Spot gold rose about 2.22% to $4,769.33 an ounce, while silver rose about 3.81% to $82.39 an ounce.

Overnight, U.S. stocks rose as Wall Street began a new month of trading, with investors looking past recent losses in silver and gold. Bitcoin.

this Dow Jones Industrial Average rose 1.05% to close at 49,407.66 points, while S&P 500 Index It rose 0.54% to close at 6,976.44. this Nasdaq Composite Index It also rose 0.56% to close at 23,592.11 points.

—CNBC’s Sean Conlon and Fred Imbert contributed to this report.