Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check.
Spot gold was up 0.2% at $1,922.65 per ounce, as of 0744 GMT, after the metal hit its lowest since Feb. 28 on hopes for a negotiated end to the Ukraine conflict. U.S. gold futures rose 0.6% to $1,928.80.
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