Gold Price Forecast: All ears to the ground for announcements from the Kremlin By ross_burland Gold XAUUSD Currencies DollarIndex
Russia's President Putin is to address the nation at 1800 GMT which could be market impactful.
At the time of writing, XAU/USD is flat at $1,895.92 and has travelled between $1,887.66 and $1,908.32 on the day so far. Reports that Russian president Vladimir Putin and US president Joe Biden had agreed in principle to a summit had sparked up a risk-on vibe in the opening hours of the week, weighing on precious metals.
The BBC wrote that ''the Donetsk and Luhansk regions have been contested by Ukraine and Russia-backed rebels for years, with regular violence despite a ceasefire agreement.But Western powers fear such a move could be used as a pretext for Russia to invade its neighbour.Analysts say that if the two regions were recognised as independent, Russia might send troops into Ukraine's east under the guise of protecting its citizens.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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