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Commodity News Details
Precious Metals Preview: COMEX gold loses momentum in early Asia
16-Dec-2025 09:06

COMEX gold futures are losing momentum from around record high levels on Tuesday morning in Asia as optimism around Ukraine peace talks is reducing safe-haven demand. US officials said on Monday that an agreement with Ukrainian President Volodymyr Zelenskyy to end the war with Russia was nearly complete, although territorial disputes remain unresolved and a strong security guarantee from the US and European countries remains a sticking point. The counter is currently quoting at $4312.40 an ounce, down 0.53% on the day. Markets now await release of crucial data that will provide further cues on interest rate path.

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