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Gold : International prices fell toward $1,890 an ounce on Monday, slipping from an over 8-month high of $1,908.2 hit earlier in the session, as safe-haven demand eased after the US president agreed to meet with his Russian counterpart to de-escalate tensions over Ukraine.

The office of French president Emmanuel Macron said that Biden and Putin have agreed “in principle” to a summit in the coming weeks, after a series of conversations between Macron and both leaders, provided that Russia does not invade Ukraine.

Policy uncertainties also weighed on bullion prices after St. Louis Fed president James Bullard, who had just called for aggressive action, warned last week that inflation could get out of control without rate hikes.

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