Russian President Vladimir Putin has said that Kiev is not serious about finding a mutually acceptable solution, according to Bloomberg. Markets reacted negatively to the news as equities retreated from higher levels and the safe-haven dollar and gold rose. Investors have pinned their hopes on talks between Russia and Ukraine, which both sides say are making progress. The comment from Putin takes some of this optimism away from the markets.
It is important to note that the markets are extremely volatile and a contradictory interpretation may follow the comment from Moscow. It may stay that way for a while as investors are nervous and hostilities continue. However, geopolitical developments seem to have a positive impact on the gold price.
Gold price jumped
Gold jumped to $1,925 after previously pressing $1,900. Oil has also jumped off the cliff, reaching $96 after previously falling below $94.
EUR/UISD slumped further below 1.10 as the bulls lost hope to challenge the daily high of 1.1020 or the resistance 1.1040. The common currency is particularly vulnerable as the war is fought on European soil.
Putin says Kiev is not ‘serious’ in talks
The Kremlin told Russian President Vladimir Putin’s European Council President Charles Michel that Ukraine “did not take a serious stance on finding mutually acceptable solutions” in talks with Moscow to end the war. In a brief statement during the leaders’ phone call on Tuesday, the Kremlin announced that they also discussed military operations and humanitarian measures.
Meanwhile, the cryptocurrency market is also slightly bullish. Bitcoin (BTC) and Ethereum (ETH) have extended their last 24-hour gains above 1.5%. Avalanche (AVAX) was the fastest recovering cryptocurrency with 4.19%, while Terra (LUNA) did not react to this momentum. The Graph (GRT), IoTeX (IOTX), and Basic Attention Token (BAT) were the altcoins that rose in the double digits.
cryptocoin.com Here you can find the comments of analyst Carsten Fritsch, who evaluated the possible effects of the Federal Reserve’s interest rate announcement on the gold price.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.