Gold price slip below $3,347 on optimism over Russia-Ukraine peace talks

Gold Price Drops

Gold Price Forecast : Gold (XAU/USD) price kicks off the week on the back foot, trading with a negative tone on Monday as diminished safe-haven demand and improved risk appetite weigh on the precious metal. Hopes for progress in diplomatic efforts to ease Russia-Ukraine peace talks tensions, alongside firmer equity markets, have curbed demand for bullion, with investors shifting toward riskier assets.

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Zelensky wins Europe, NATO backing ahead of Trump-Putin summit: ‘Any decisions without Ukraine will be unworkable’

Ukraine Strike on Russia Saratov CrudeOil Refinery

Zelensky wins Europe : Ukrainian President Volodymyr Zelenskiy secured strong diplomatic backing from European leaders and NATO on Sunday, as concerns mount ahead of the much-anticipated Russia-US summit scheduled for August 15 in Alaska. Kyiv fears that Presidents Vladimir Putin and Donald Trump may negotiate terms without Ukrainian involvement, potentially pressuring Ukraine to cede territory in the ongoing conflict.

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