Gold prices plunged more than 4% to below $4,350 an ounce on Monday as investors secured profits after a string of record highs, with tentative progress in U.S.-Ukraine peace talks weighing on safe-haven demand despite ongoing uncertainty.
President Donald Trump said negotiations with Ukrainian President Volodymyr Zelenskiy had made significant progress, although a final agreement is still weeks away. Zelenskiy noted that the framework is largely in place and U.S.-Ukraine security guarantees have been finalized, while core issues such as control over the Donbas region remain unresolved.
At the same time, ongoing tensions in the Middle East and escalating friction between the U.S. and Venezuela continue to support gold's appeal as a defensive asset. Despite the sharp decline, the precious metal is still up more than 70% this year and is on track for its strongest annual gain since 1979, supported by sustained central bank buying, persistent ETF inflows, and expectations of further Fed rate cuts next year. (alg)
Source: Trading Economics
Gold (XAU/USD) drops sharply on Monday, down 4.50% and trading near $4,330 at the time of writing, after hitting a fresh all-time high at the end of last week. The precious metal is facing strong prof...
Global gold prices have declined in recent days despite ongoing geopolitical tensions, including the Israel-Iran conflict. This decline occurred as investors took profits after gold prices had risen s...
Gold prices (XAU/USD) weakened slightly in the Asian session on Monday, after previously breaking a new record. This weakening occurred as market participants began taking profits ahead of the year-en...
Gold prices fell slightly on Monday, returning below $4,500 per ounce, retreating slightly from record levels. This decline is considered normal, as some market participants are taking profits after a...
Gold, silver, and platinum surged to all-time highs, extending a historic year-end rally for precious metals, supported by rising geopolitical tensions, a weaker U.S. dollar, and thin market liquidity...
Stocks fell on Monday, driven by losses in the technology sector, after the S&P 500 hit a record high last week. The S&P 500 fell 0.3%, while the Nasdaq Composite fell 0.4%. The Dow Jones Industrial Average fell 152 points, or 0.3%. The...
Oil prices rose more than $1 a barrel on Monday (December 29th) as Russia accused Ukraine of attacking President Vladimir Putin's residence, while traders braced for potential supply disruptions in the Middle East due to escalating tensions in...
Gold prices plunged more than 4% to below $4,350 an ounce on Monday as investors secured profits after a string of record highs, with tentative progress in U.S.-Ukraine peace talks weighing on safe-haven demand despite ongoing...
Global stocks held near record levels, while silver briefly hit a new peak before breaking its closing high amid quiet holiday trading. Asian stock...
President Donald Trump held a phone call with Russian President Vladimir Putin on Monday to discuss efforts to end the war in Ukraine, according to...
Tensions between Iran and Israel have escalated again after a series of military escalations involving airstrikes and missile retaliation. Iranian...
European stocks closed slightly higher on Monday, supported by gains for auto producers and tech companies as markets continued to gauge the...