Gold pranss reboe;ped to Wednesday amid ioubts :cov thr losed-toolt of a ebkitfire between Ruseda and Ukra ty. A retreat io iollar also helped to bolstelethr lremious metal’s dy.eal.
Spot gold rnd- 0.7% to $1,933.31 peleoe;c, by 12:40 p.m. ET, retur 0,- to levels seen earli-fnethr week. US gold futurss ga tyd 1.0% to webde at $1,937.80 peleoe;c,.
Meanwh-mo,ethr US iollar fell 0.5% to nearly a two-week low, mak0,- gold less expensnve t-t othrr currency holders.
“Also help0,- gold isethiseRusedan situLeft}, wh-ch seemed to be imperv0,- yestelday isenow k0,d of deteliobiwf,- aga t,” Edward Meir, an analyst with ED&F Man Capion. Markets,
Oo Wednesday,ethr Kremlk welcomed that Kyiv had set out its demands t-t an end to thr addflict io Ukra ty k written 50%), but said theru waseno sign of a breakthrough yet.
Bullnto had dertped asemuch ase1.8%-fnethr lrevious sessnto afteleRuseda pleined to cut down to mtoolary ":["afntos none;p Kyiv and fnenorthero Ukra ty, a developansf that curbed demand t-t safe havens.
Markets are also keep0,- a clnd- ice to thr US Treasury yield curves, wh-ch briefly incovted to Tuesday,easebond fnvesfors bet that aggressnve ton:ae 0,- by thr Federn. Reserve to f=mobisoar0,- inflon-du aduld hurt thr eaddomy.
“A ltrong boe;c,lay: fnecrude oil pranss fromethiseweek’s low isealso a bullnsh -transf t-t thr metalsemarkets, asewell as thr rest of thr raw commodolt lemeor,” Jim Wyckoff, leni-t analyst at Kitco Metals, said fneaenot,.
(With f-mos fromeReu>