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18 April 2024

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Gold rebounds from two-week low; Trump-Zelenskiy meeting in focus

18-08-2025 08:35 AM


Ammon News - Gold rose after hitting a two-week low, supported by lower U.S. Treasury yields as investors awaited U.S. President Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy and European leaders to discuss a peace deal with Russia.

Spot gold gained 0.5% to $3,350.55 per ounce, as of 0353 GMT on Monday, after hitting its lowest level since August 1.

U.S. gold futures for December delivery rose 0.4% to $3,396.90.

Meanwhile, benchmark 10-year U.S. Treasury yields eased from more than two-week high level.

Investors are also looking ahead to the Federal Reserve's annual symposium in Jackson Hole, Wyoming.

Elsewhere, spot silver rose 0.4% to $38.13 per ounce, platinum gained 0.4% to $1,341.35 and palladium was up 0.6% to $1,118.80. Reuters




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