Gold prices fell slightly to $3,334 per ounce on Monday (August 18th), nearing a two-week low, as prospects for easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset.
The meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky on Monday, at 12:00 a.m. Western Indonesian Time, is expected to reach a swift peace agreement. Meanwhile, investors are awaiting the release of the minutes of the Federal Reserve's latest meeting on Friday at the Jackson Hole Symposium, which is expected to signal the future direction of US interest rates and could provide further information about the decision to keep interest rates unchanged.
The price of gold at the time of writing was $3,334/oz.
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id
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