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Gold futures prices plummeted 55.10 dollars due to the prospect of a near-failing war.

Comex gold contract Delivered in April It fell $55.10, or 2.7%, at $1,988.20 an ounce.
Investors expect war in Ukraine nearing an end. After news that Ukraine had abandoned its intention to become a member of the North Atlantic Treaty Organization (NATO), Russia said its talks with Ukraine were progressing.

Russian authorities said today that Negotiations between Russia and Ukraine to resolve the conflict are progressing. And Russia has no intention of overthrowing the Ukrainian government.

“The talks have made progress,” said Russian Foreign Ministry spokesman Maria Zakharova. It identifies three rounds of peace talks between the Russian and Ukrainian delegations.

Ms. Zakarova said Russia has no intention of occupying Ukraine. or overthrow the Ukrainian government

“The army’s goal is not to occupy Ukraine. or destroy the statehood of Ukraine or overturn the Ukrainian government and there are no targets against civilians,” Ms Zakarova said.

Kremlin spokesman Dmitry Peskov said Russia wanted to negotiate a new round of peace with Ukraine. As soon as the Ukrainian delegation is ready

In addition, Mr Peskov also said that Talks between Russian Foreign Minister Sergei Lavrov and Ukrainian Foreign Minister Dmitro Kuleba Tomorrow in Turkey Considered important in the discussion process to find a solution to the crisis in Ukraine.

In addition, gold prices were also pressured by the dollar’s appreciation. and the rebound in US government bond yields

A stronger dollar will reduce the attractiveness of gold. by making gold contracts more expensive for holders of other currencies As the rebound in US Treasury yields increases the opportunity cost of holding gold. Because gold is an asset that does not return in the form of interest.