Gold: extended losses to $1,915 an ounce on Tuesday, close to the lowest in four weeks and following a 1.8% drop the day before, as surging US bond yields dented the metal’s appeal and ceasefire talks lifted risk-on sentiment.
Treasury yields firmed at 2.5%, the highest in almost three years amid bets for a more aggressive monetary tightening from the Federal Reserve.
Meanwhile, in-person talks between Russia and Ukraine continue this week, with delegations from both countries arriving in Turkey as talks resumed on Tuesday.
Ukraine said its top objective is to secure a ceasefire despite being skeptical of a major breakthrough.
