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18 Aug 2025

Gold prices rise ahead of US-EU talks on Ukraine

Gold futures prices rose as investors awaited a meeting between US President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders today to discuss a peace agreement with Russia.

During Monday's trading, gold futures for December delivery rose 0.5%, or $16.40, to $3,399 per ounce.

Spot gold rose 0.4%, or $13.51, to trade at $3,349.70 per ounce.

The dollar index, which measures the performance of the US currency against a basket of six major currencies, remained steady at 97.85.

While silver futures for September delivery jumped 0.6% to $38.20 per ounce, spot platinum prices fell slightly by 0.1% to $1,340.50, while palladium prices rose by 0.25% to $1,118.39.

This week, markets await the release of the minutes from the Federal Reserve's July meeting, which saw interest rates held steady, ahead of the three-day Jackson Hole Economic Forum, which ends next Saturday

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