Ammon News - Gold prices eased on Tuesday, as a slightly firmer dollar and optimism over a potential ceasefire between Russia and Ukraine dampened investor demand for safe-haven assets.

Spot gold was down 0.5% at $3,213.35 an ounce, as of 0427 GMT. U.S. gold futures slipped 0.6% to $3,215.50.

The dollar slightly recovered after touching a more than one-week low in the prior session, making greenback-priced gold less appealing to holders of other currencies.

U.S. President Donald Trump spoke with President Vladimir Putin on Monday and said Russia and Ukraine will immediately start negotiations toward a ceasefire.

Gold, which is considered a safe asset amid geopolitical and economic uncertainties, has hit multiple record highs this year and is up about 22% so far this year.

Spot silver fell 0.6% to $32.17 an ounce, platinum was steady at $998.04 and palladium lost 0.3% to $971.84. Reuters