Gold rises on softer yields

FE Team | Published: August 18, 2025 21:47:11

Gold prices edged higher on Monday, buoyed by easing US Treasury yields, while investors focused on US President Donald Trump's meeting with Ukrainian and European leaders, and the Federal Reserve's annual symposium in Jackson Hole, reports Reuters.
Spot gold was 0.1 per cent higher at $3,383.20 per ounce at 09:56 a.m. ET (1355 GMT), after hitting its lowest level since August 1 earlier.
US gold futures for December delivery rose 0.2 per cent to $3,388.80.
Benchmark 10-year US Treasury yields fell from more than two-week highs, making non-yielding gold less attractive.
The key event for investors on Monday is a White House meeting between Trump and Ukrainian President Volodymyr Zelenskiy, as Washington pushes for a swift peace deal to end Europe's deadliest conflict in eight decades.
This follows Trump's meeting with Russian President Vladimir Putin on Friday, where the two leaders agreed to pursue a peace deal without implementing a ceasefire.