Trump and Putin agree on energy and infrastructure ceasefire in Ukraine conflict
Trending Articles- Gold slides below $5,000 amid USD uptick and positive risk tone; downside seems limited
- Gold declines to near $4,850 as low liquidity, easing tensions weigh on demand
- Gold weakens as USD uptick and risk-on mood dominate ahead of FOMC Minutes
- Gold rises above $4,950 as US-Iran tensions boost safe-haven demand
- Gold drifts higher to $5,000 on heightened US-Iran tensions
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face downside risk as bears regain control
US President Donald Trump and Russian President Vladimir Putin on Tuesday agreed to an immediate pause in strikes against energy infrastructure in the Ukraine war. Trump’s post echoed the Kremlin, stating that Putin promised to stop attacking each other's energy infrastructure for 30 days. However, the Russian leader declined to sign up for the comprehensive month-long ceasefire that Trump's team recently worked out with Ukrainians in Saudi Arabia.
“We agreed to an immediate ceasefire on all energy and infrastructure,” Trump wrote in a Truth Social post after his call with Putin.
Market reaction
At the time of writing, the Gold price (XAU/USD) is trading 0.07% lower on the day to trade at $3,032.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
