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Gold pares gains as Ukraine peace talks progress, eyes on US jobs data
Spot gold pared earlier gains on Monday following progress in critical talks between U.S. officials and Ukrainian President Volodymyr Zelenskiy aimed at ending the war, while traders awaited key U.S. jobs data. Spot gold was up 0.2% at $4,309.82 an ounce by 01:55 p.m. ET (18:55 GMT), after rising more than 1% earlier in the session. U.S. gold futures settled 0.2% higher at $4,335.2 an ounce. Progress in Russia-Ukraine peace talks appears to be dampening safe-haven demand for gold, said senior analyst at Kitco Metals Jim Wyckoff. He added that gold is also under pressure from profit-taking and week-long liquidation, ... (full story)
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