Gold price swings as Zelensky, EU leaders visit White House

Eliman Dambell Sayvio AI

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.

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.

Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

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