Gold Prices Have Dropped By XTrade

During the Asian trading session this morning, gold prices fell. As the violence in Ukraine continues, safe-haven assets such as precious metals have acquired some traction.

Gold is now trading at $1925.78, up to $4.93 or 0.26 percent from its previous finish of 1920.85. The daily trading range is $1918.12 to 1928.84, with a volume of 44.69K.

Kyiv has refused Russian proposals to relinquish Mariupol, and the battle seems to have no conclusion in sight.

Two Fed officials urged the central bank to take a more aggressive stance against inflation statistics.

Later today, Fed Chairman Jerome Powell and Atlanta Fed President Raphael Bostic are scheduled to report.

Meanwhile, palladium rose 2.8 percent to $2,561.25 per ounce. Silver gained 0.4 percent, while platinum gained 0.8 percent.