Gold prices edged up to $3,340 an ounce on Monday, but remained near a two-week low, as the prospect of easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset.
Although a meeting between US President Donald Trump and Russian President Vladimir Putin on Friday failed to produce a breakthrough on a ceasefire, Putin agreed to allow the US and Europe to provide strong security guarantees to Ukraine as part of a final deal to end the war.
Trump is scheduled to meet with Ukrainian President Volodymyr Zelensky and European leaders today to reach a swift peace agreement. Meanwhile, investors are awaiting the release of the minutes of the Federal Reserve's latest meeting on Wednesday, which could provide further information about the decision to leave interest rates unchanged.
Source: Newsmaker.id
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