Gold price rises slightly

The price of gold rose by 0.57% after falling a day earlier, Report informs.

The April gold futures rose by $10.9 to $1,923.1 per troy ounce on the New York Comex. May futures for silver grew 1.03% to $24.992 an ounce.

The dynamics were buoyed by investors' return to risky assets and the departure from hedge funds after the results of negotiations between Russia and Ukraine.

A new round of negotiations between the delegations of Russia and Ukraine was held in Istanbul on March 29. The head of the Russian delegation, an aide to the President of the Russian Federation Vladimir Medinsky, said that the meeting was constructive, and that Moscow will consider Kyiv's proposals. Medinsky also said that a meeting between Russian President Vladimir Putin and Vladimir Zelensky is possible simultaneously with the initialing of the peace treaty by the Foreign Ministers of the Russian Federation and Ukraine.

Analysts believe that gold will hold at $1,900 an ounce until it is confirmed that the hostilities in Ukraine have ceased.