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Dow Jones NewsAug 11, 2:54 PM UTC
DJ Gold Futures Fall as Safe-Haven Demand Ebbs -- Market Talk
1454 GMT - Gold futures fall on growing hopes of a Ukraine-Russia ceasefire. Futures are down 2.5% at $3,404.10 a troy ounce. The precious metal hit a fresh all-time high on Friday of $3,536.20/oz as tariff confusion prompted volatile trading, before sliding as President Trump's administration said it would clarify whether gold will be tariffed in the near term. The precious metal has since slid to its lowest level since late July on weakening safe-haven demand, StoneX's Fawad Razaqzada says in a note. Trump said he will meet Russia's Vladimir Putin in Alaska on Aug. 15 to negotiate an end to Russia's invasion of Ukraine, easing gold's haven demand. Still, expectations for multiple U.S. Federal Reserve interest-rate cuts is keeping gold's near-term outlook from being entirely bearish, Razaqzada adds. (joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
August 11, 2025 10:54 ET (14:54 GMT)
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