16 Aug 2025
Gold steadies ahead of Trump–Putin summit as US Dollar slips
XAU/USD rises 0.17% to $3,340, trapped between $3,330 and $3,350 since late Thursday’s session.
US Dollar fails to rally after in-line July Retail Sales and upward June revision; sentiment weakens, inflation expectations rise.
US Dollar Index drops 0.37% to 97.83, while high Treasury yields cap Gold’s upside momentum.
Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin. Traders shrugged off in-line US Retail Sales figures, which failed to propel the US Dollar. The XAU/USD trades at $3,340, up 0.17%.
