Gold remained stable despite optimism boosting sentiment in the market by driving increased demand for riskier assets.
Most recently, the White House finally confirmed that a summit between US President Joe Biden and Russian President Vladimir Putin will take place later this week.
Biden is said to have agreed to the meeting on the condition that Russia will not attack Ukraine, adding that they are always ready for diplomacy.
Following the report, the US dollar declined and most other major currencies rose higher in the Asian session.
While gold traded steady at around $ 1,898 an ounce, it fell slightly from its latest eight -month high of $ 1,908 an ounce it reached at the start of the session.
While this optimism is back lifting most major currencies, the precious metal gold remains in demand with support as a safe-haven.
This is because, America is still warning that Russia is continuing preparations to launch an attack on Ukraine soon.
