🌍 Gold Prices Swing as Trump-Zelenskyy Talks Stir Market Sentiment

🏦 Rising Yields Put Pressure on Bullion

Gold prices slipped on Monday as a stronger dollar and rising Treasury yields weighed on bullion, while investors kept a close watch on political developments involving former U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy.

Spot gold traded at $2,446.19 per ounce, down 0.5%, after briefly climbing earlier in the session. U.S. gold futures also dipped to $2,454.20. Analysts noted that rising Treasury yields, with the 10-year note pushing past 3.95%, created headwinds for non-yielding assets like gold.

⚖️ Political Uncertainty Adds to Market Volatility

The spotlight on Trump and Zelenskyy has injected new uncertainty into global markets. Any potential shifts in U.S. foreign policy or ongoing tensions in Eastern Europe could influence safe-haven flows, making gold particularly sensitive to headlines.

Traders are now balancing geopolitical risks with macroeconomic signals. The Federal Reserve’s upcoming policy decisions and U.S. inflation data later this week are seen as key catalysts that could either extend gold’s pullback or trigger a renewed rally.

📈 What Investors Should Watch

Market watchers warn that if yields continue climbing, gold could test support around the $2,420 level. Conversely, any dovish signals from the Fed or escalations in political tensions could push the metal back toward its $2,480 resistance zone.

For now, gold remains a tug-of-war between rising yields and its role as a safe haven amid global uncertainty.