Gold Prices Hold Steady as Investors Await Trump–Zelenskiy Meeting
Markets hold their breath as gold steadies ahead of Trump–Zelenskiy talks and the Federal Reserve’s Jackson Hole spotlight.

Gold prices held largely steady on Monday as investors waited for political and monetary signals that could dictate the next big move. Spot gold traded flat at $3,334.81 per ounce by midday, retreating from earlier weakness that pushed prices to their lowest level since the beginning of August. U.S. futures for December delivery slipped slightly to $3,379.70.
The calm came against a backdrop of heightened geopolitical drama. U.S. President Donald Trump prepared for a closely watched meeting with Ukrainian President Volodymyr Zelenskiy and key European leaders. The White House has framed the session as a pivotal step toward securing a peace deal in Europe’s bloodiest conflict in nearly eight decades.
Geopolitical Calculations
The market has been quick to link gold’s movements with developments out of Washington and Moscow. Trump’s prior meeting with Russian President Vladimir Putin set the stage for peace negotiations but failed to ignite major shifts in bullion. Analysts note that investors appear cautious, waiting for firmer commitments before recalibrating positions.
For now, the dollar is exerting its weight. The U.S. currency rose 0.3 percent, making dollar-denominated bullion less appealing to foreign buyers. With geopolitical outcomes uncertain and the dollar holding firm, gold’s momentum has been capped.
