Gold pared gains as markets weighed prospects for a truce in Ukraine after the Kremlin confirmed Presidents Vladimir Putin and Donald Trump would hold talks in the next few days.
Bullion traded near $3,373 an ounce after earlier rising as much as 0.8%. Russia's announcement came a day after Putin met with Trump's envoy, Steve Witkoff, for almost three hours as the US pushed for an end to the Ukraine war.
Bloomberg earlier reported that the Kremlin is considering options including an air truce, falling short of committing to a total ceasefire. Any easing of geopolitical tensions can curb demand for haven assets, pulling gold prices down.
Traders are also watching US relations with global trading partners — marked this week by tariff hikes on Indian goods — and the likely nomination of a temporary Federal Reserve governor who may be more aligned with Trump's monetary agenda. Lower rates typically boost gold, which doesn't pay interest.
Bullion has climbed almost 30% this year, though the bulk of those gains occurred in the first four months as geopolitical and trade tensions rattled the market.
Spot gold rose 0.1% to $3,372.70 an ounce as of 12:05 p.m. in London. The Bloomberg Dollar Spot Index slipped 0.1%. Silver and palladium gained, while platinum fell.
Source: Bloomberg
Gold buyers appear unstoppable at the start of a fresh week, early Monday, despite the renewed US Dollar (USD) upswing and a risk-on rally on global stocks. Gold is finding demand due to increased sa...
Gold prices hit an all-time high on Monday (October 6), surging above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic uncertainty, and the ...
Gold prices hit an all-time high on Monday (October 6), soaring above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic shutdown, and the pro...
Gold prices hit a new record early this week, hitting $3,920 per ounce on Monday, October 6, 2025, before a slight correction. This surge fueled investor concerns over the ongoing US government shutdo...
Gold prices held steady on Friday (October 3), poised for a seventh consecutive weekly gain, driven by expectations of further US interest rate cuts and concerns over the economic impact of a prolonge...
European stock markets opened largely unchanged. The Stoxx 600 traded flat, but the energy sector was supported by Shell, which rose around 2% after reporting a recovery in its oil and gas trading performance. The CAC 40 was also stable, awaiting...
Japanese stocks closed Tuesday with mixed results due to profit-taking after a strong rally fueled by stimulus hopes under Sanae Takaichi. The Topix edged up 0.1% to 3,227.91, while the Nikkei was nearly flat at 47,950.88. Of the 1,672 Topix...
The US Dollar Index (DXY) continued its strengthening for a second day and briefly hovered around 98.20 during the Asian session, driven by hawkish comments from Kansas City Fed President Jeffrey Schmid. He emphasized that the Fed must maintain...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...