Gold Surpasses $3,200 Amid Russia-Ukraine Talks, US Dollar Doubts

Gold Prices Dip to $3,178 as Russia-Ukraine Talks Continue, Dollar Stability Remains a Concern

Gold prices experienced a decline to $3,178 on Friday after a volatile week, driven by renewed peace talks between Russia and Ukraine. The negotiations, which resumed in Turkey, initially sparked optimism but failed to ease the underlying uncertainties in the market. Russia’s absence from the talks, with only lower-level diplomats attending, raised skepticism about the potential for a resolution. This development, combined with ongoing geopolitical tensions, contributed to fluctuations in gold’s value.

Despite the ongoing talks, the US Dollar remains under scrutiny due to its volatility, further strengthening gold’s appeal as a safe-haven asset. As global investors continue to hedge their exposure to the Dollar, gold remains a key diversification tool. Market participants are now waiting for further updates from the peace talks, as well as potential reactions from US President Donald Trump, which could influence market sentiment and gold prices in the coming days.