International gold prices rebounded on Wednesday to move further away from the previous session's low of $1889.98 an ounce since Feb. 25, despite signs of progress in the Russian-Ukrainian peace talks. but the United States and its allies plan to impose more sanctions on Russia, unable to ease market risk aversion, with gold trading at $1958 in the afternoon.
15:06 Beijing time, spot gold rose 0.33% to $1925.73 / oz; COMEX gold futures contract rose 0.66% to $1930.7 / oz; and 0.39% to 98.039 under the dollar index.
Russia promised on Tuesday to cut its military operations in the Ukrainian capital and northern regions, while Ukraine offered to take a neutral stance, in a confidence-building step that is an early sign of progress in the peace talks.
But the United States warns that the threat is not over. The United States and its allies plan to impose new sanctions on more sectors of the Russian economy. These sectors are critical to sustaining Russian military operations, including the military supply chain.
Us consumer confidence rebounded from an one-year low in March as optimism in the job market heightened, but higher interest rates against a high inflation backdrop could hurt car purchases over the next six months and limit consumer spending.
