Gold price swings as Zelensky, EU leaders visit White House

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Following Friday’s Alaska Summit between Trump and Putin, Volodymyr Zelensky heads to the White House with European leaders in search of security guarantees. 

The uncertainty surrounding a potential peace deal has intensified in recent days, prompting market reactions to this volatility.

Gold price swings as Zelensky, EU leaders visit White House

After opening the session at $3,336, XAUUSD fell to a low of $3,323, before racing to a peak of $3,358 later in the day.

As of writing, the safe haven is now tracking close to its open price, with momentum edging lower.

Should the meeting lead to a peace deal, we could see the price of Gold marginally decline towards a support level of $3,298, with investors removing funds from risk assets. 
 

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