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Traders Trim Gold Bets as Kremlin Hints at De-escalation in Ukraine

How to Set Up a Precious Metals IRA with Altinavcisi
How to Set Up a Precious Metals IRA with Altinavcisi

Gold prices saw an early jump but later trimmed gains after the Kremlin confirmed upcoming talks between Vladimir Putin and Donald Trump.

The announcement follows a meeting between Putin and Trump’s envoy, suggesting a potential shift toward peace in Ukraine.

Any easing in geopolitical risk tends to soften demand for gold, which thrives in uncertainty. Despite this pullback, gold remains up nearly 30% year-to-date, driven largely by turmoil in the first half of the year.

Investors are also watching U.S. trade moves and a possible Fed appointee who could favor lower interest rates — a supportive backdrop for gold.

Eight more from the desk

Other dispatches from the bullion wire.