KONTAN.CO.ID - JAKARTA. Gold eased after hitting a more than eight-month high on Monday, as a plan for the U.S. and Russian presidents to hold a summit on the Ukraine crisis dented safe-haven demand, while looming Federal Reserve rate hikes further pressured the metal. Spot gold fell 0.3% to $1,891.33 per ounce by 0514 GMT, retreating from a session peak of $1,908.02 - its highest since June 3. U.S. gold futures were down 0.3% to $1,894.20. U.S. President Joe Biden has accepted in principle a summit with Russia's Vladimir Putin over the Ukraine crisis, after the foreign ministers of the two countries meet next week and if an invasion has not occurred, the White House said on Sunday.
Gold Slips From 8-Month Peak as Prospect of Ukraine Summit Dims Appeal
KONTAN.CO.ID - JAKARTA. Gold eased after hitting a more than eight-month high on Monday, as a plan for the U.S. and Russian presidents to hold a summit on the Ukraine crisis dented safe-haven demand, while looming Federal Reserve rate hikes further pressured the metal. Spot gold fell 0.3% to $1,891.33 per ounce by 0514 GMT, retreating from a session peak of $1,908.02 - its highest since June 3. U.S. gold futures were down 0.3% to $1,894.20. U.S. President Joe Biden has accepted in principle a summit with Russia's Vladimir Putin over the Ukraine crisis, after the foreign ministers of the two countries meet next week and if an invasion has not occurred, the White House said on Sunday.