The yellow metal is recording declines in the middle of the European session’s trading session today, Tuesday, March 29th, as gold loses about 0.60% and is trading at levels of 1912 dollars per ounce, despite the declines of the US dollar amid the absence of economic data affecting the movements of the metal and anticipation for the resumption of Russian-Ukrainian negotiations in Turkey today.

The general index of the US dollar is trading down by about 0.35% at 98.67 levels, after testing 99 levels in the Asian session.

The rise in the yield on US Treasury bonds casts a negative shadow on the movements of the yellow metal, as the yield on the ten-year bonds rises by about 1.30%, trading at 2.50%.

Risk appetite rises in the middle of today’s session, coinciding with the rise in optimism resulting from the Ukrainian-Russian ceasefire talks, as some sources mentioned that Russia may be willing to accept fewer conditions in the ceasefire talks, such as allowing Ukraine to join the European Union if it remains militarily unaligned.

On a related level, the report of the Commodity and Futures Trading Authority issued by the CFTC, known as COT for short, showed a decline in the purchasing positions of gold last week to 248.032 contracts, compared to 261.788 the previous week.

Silver, after a loss that exceeded 2% in the opening session of the week yesterday, Monday, is trading down by about 1.09% today, when it is trading at levels of $24.57 per ounce.

Platinum is trading at $972 levels, down by 1.20%, while palladium is losing about 0.73% when it is trading at $2.217.