India, Aug. 18 -- Gold prices dipped on Monday, with increasing geopolitical tension surrounding the Russia-Ukraine peace talks causing investors to stay cautious combined with prevailing uncertainty over interest rate cuts.
Front Month Comex Gold for August delivery edged down by $4.30 (or 0.13%) to $3,331.70 per troy ounce.
Front Month Comex Silver for August delivery rose by 5.70 cents (or 0.15%) to $37.951 per troy ounce today.
To end the three-plus-year long Russian war with Ukraine, US President Donald Trump previously threatened Russia with sanctions if it does not agree to a ceasefire along with "penalty sanctions" on countries buying Russian oil, notably India and China.
Trump had a meeting with Russian President Vladimir Putin...