Gold Price Forecast: XAU/USD pressured into the close on Wall Street on Ukraine crisis peace talks hopes By ross_burland Gold Commodities DollarIndex
Russian and Ukraine peace talks hopes keep spirits alive, stock positive. The gold price is down on the day, losing around 1.9% at the time of writing as the US
However, when it comes to the possibility of a Putin-Zelenskiy meeting, the Kremlin says there has been no progress. The Russian Foreign Minister Lavrov said recently that any meeting between Putin and Zelenskiy to exchange views currently would be counter-productive. Additionally, a senior US official said Russian President Vladimir Putin did not appear ready to make compromises. Ukrainian officials are also playing down the chances of a major breakthrough at the talks.
The Dallas Federal Reserve's monthly manufacturing survey for March, a narrower advance trade gap for February and a rise in inventories. The Dallas Fed's manufacturing activity index fell to 8.7 in March from 14 in February, in contrast to other regional data that indicated expansion in the sector. The ISM's national index will be released on Friday. Additionally, the trade gap narrowed 0.9% to $106.6 billion in February amid higher exports.
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