FX.co ★ Gold Slips on Optimism Over Russia-Ukraine Talks

Gold prices fell below $3,320 per ounce on Tuesday, as optimism surrounding a potential ceasefire between Russia and Ukraine reduced the demand for safe-haven assets. On Monday, US President Donald Trump announced that Ukraine and Russia are set to begin ceasefire talks "immediately," following a discussion with Russian President Vladimir Putin, albeit potentially without US involvement. Bullion experienced a 0.6% increase on Monday after Moody's downgraded the US credit rating from "Aaa" to "Aa1" due to escalating debt and interest levels that exceed those of similarly rated countries. Attention now shifts to forthcoming speeches from several Federal Reserve officials, which may provide additional insights into the central bank's policy direction and the overall condition of the US economy.