The post Gold sees earlier losses erased with traders mull possible Ukraine-Russia deal appeared on BitcoinEthereumNews.com.

Gold price down nearly 10% from its all-time high. Traders zoom in on Turkey where peace talks on Ukraine and Russia are set to take place. Bullion traders could expect Gold to retest the $3,000 level if further easing and Ukraine-Russia truce would materialize.  Gold (XAU/USD) slides towards $3,175 at the time of writing on Thursday with tensions building towards the Ukraine-Russia talks taking place in Turkey. Earlier Gold dove lower after headlines from United States (US) President Donald Trump that led traders book more profits and sell more stake in their Gold holding. In his latest comments on Thursday during a visit to the Middle East, Trump said talks with Iran on a nuclear deal are possible, CNN reports. Trump added that both Syria and Yemen deserve a chance, which is seen as a huge step in defusing tensions in the Middle East.  These headlines led traders to sell Gold as they signal that global geopolitical tensions are easing. Meanwhile, progress in trade talks also added to bearish headwinds for the precious metal, with China suspending a ban on exports of items with both military and civil applications to 28 US companies. The détente between the two largest economies has reduced the bid for Gold already earlier this week, Bloomberg reports. The attention for Gold traders also shifts to Turkey, where top US and European diplomats meet to discuss any possible breakthrough in the Russia-Ukraine war. Still, the chances of a major advance in the negotiations look unlikely as Russian President Vladimir Putin won’t attend the meetings.   Daily digest market movers: Rotation out of Gold US yields are not helping in the case for some upside reprieve in Gold prices. The US 10-year benchmark rate keeps climbing higher towards 4.54% in early Thursday trading, way above the 4.11% seen…

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Filed under: News - @ May 15, 2025 1:21 pm