Gold prices remained above $ 1,900 with limited movement as investors waited for new triggers from the Russian -Ukrainian wars.
In the Asian session, gold traded little changed at around $ 1,904 per ounce, while gold futures hovered at $ 1,906 per ounce.
Preliminary talks between the two sides took place on Monday, where both sides expressed optimism from the talks held and there will be further meetings in the next few days.
This indirectly makes the risks in the market slightly subside, giving room for major currencies to record gains at the beginning of the session.
Even so, Russia’s aggression on Ukraine appears to be on the rise, with the latest satellite images from Maxar Technologies having shown a 40 -mile (64 km) convoy of Russian troops heading for Kiev.
This is likely to bring back risks in the market, coupled with the latest action from Ukraine which has applied for participation to become a member of the European Union (EU).
According to a recent report from NBC citing statements from former and current U.S. officials, Russian President Vladimir is likely to step up his attacks.
