Gold sees $2,900 slip away in second half of European session on calm Monday
Gold’s price (XAU/USD) is softening a touch halfway through the European trading session on Monday, below $2,900 at the time of writing. While United States (US) markets are closed due to the President’s Day bank holiday, the Federal Reserve (Fed) is not. On a rather windstill trading day, no less than three Fed speakers will issue comments in an otherwise empty macroeconomic calendar.
Meanwhile, the weekend was filled again with several geopolitical news and comments. US President Donald Trump and Russian President Vladimir Putin are set to meet each other in Saudi Arabia to discuss peace within Ukraine. Neither Ukraine nor Europe are invited to these talks, while both US and Russian officials are already underway.
Source: FXstreet