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Gold outlook: Ukraine-Russia potential ceasefire reduces haven appeal of XAU/USD
Gold held its ground as oil prices tumbled, pushing the US dollar and Treasury yields lower with it. With growing optimism around Ukraine–Russia peace talks lifting expectations that restrictions on Moscow’s oil supply will be lifted, traders are evidently preparing for even lower oil prices. That in turn could ease inflation further, allowing the Fed and other central banks to trim rates further. The improved mood filtered through to broader risk sentiment, helping European equities finish the day on a firmer note, and US indices hit new highs on the week, making back more of the losses from the week before. ... (full story)
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