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Gold Eases as Russia-Ukraine Ceasefire Optimism Curbs Safe-Haven DemandSingapore, 20 May (ONA) — Gold prices today eased, as a slightly firmer dollar and optimism over a potential ceasefire between Russia and Ukraine dampened investor demand for safe-haven assets.
Spot gold was down 0.5% at $3,213.35 an ounce. US gold futures slipped 0.6% to $3,215.50.
Gold, which is considered a safe asset amid geopolitical and economic uncertainties, has hit multiple record highs this year and is up about 23% so far this year (2025).
Spot silver fell 0.6% to US$32.17 an ounce, platinum was steady at US$998.04, and palladium lost 0.3% to US$971.84.— Ends/Khalid
