FX.co ★ Silver Slips After White House Summit

Silver prices dipped below $38 per ounce on Tuesday, retreating from Monday's gains as the progress in peace talks concerning Ukraine reduced the demand for safe-haven assets. In recent developments, U.S. President Donald Trump met with European leaders to discuss security assurances for Ukraine. Trump also mentioned having spoken with Russian President Vladimir Putin, expressing efforts to organize a direct discussion between Putin and Ukraine's President Volodymyr Zelenskiy, followed potentially by a trilateral summit. Meanwhile, the financial world shifts its focus to this week's upcoming Federal Reserve annual Jackson Hole symposium. Here, global policymakers are poised to discuss trends in the labor market and future monetary policy strategies. Federal Reserve Chair Jerome Powell will address the current economic climate and the central bank's policy approach. Investors are also keenly anticipating the release of the July Federal Open Market Committee (FOMC) minutes, notably marking the first instance since late 1993 where multiple governors expressed dissent in the final decision.