Europe Asia News

Gold is sustaining its strongest annual performance since 1979, supported by strong central bank buying, steady inflows into ETFs and expectations that U.S. rate cuts will continue.

Monday’s sell-off triggered gold’s biggest daily drop since October and marked the second time this year it logged a sharp one-day decline. Meanwhile, strong safe-haven demand amid ongoing geopolitical uncertainty helped limit further losses.

Peace talks between Russia and Ukraine became even more uncertain after reports said Russian President Vladimir Putin told U.S. President Donald Trump that Moscow would reassess its stance in negotiations following claims that Ukraine had attacked Putin’s residence.

In a separate development, Trump warned of new strikes on Iran if nuclear rebuilding continues, and also said the United States had hit a loading facility in Venezuela.