Fears About Russia Increase XAUUSD gold Gains -
President Joe Biden said Friday he is now convinced that Russian President Vladimir Putin has decided to act against Ukraine and that an invasion - including a strike on Kiev - could come within days. Moscow continues to deny plans to invade its smaller neighbour, and says it is already withdrawing its forces from areas near the border.
On the other hand, statements made last week by Governor Lyle Brainard and President of the Federal Reserve Bank of New York John Williams, as well as the President of the Federal Reserve Bank of Chicago Charles Evans, showed that officials are keen to tighten the Fed's policy, without seeking a significant increase in rates. Interest or move before the next scheduled date.
For his part, a French official said that the so-called tripartite contact group - Russia, Ukraine and the Organization for Security and Cooperation in Europe - will hold talks to work to restore the ceasefire in the regions of eastern Ukraine controlled by Russian-backed separatists. This comes after mounting reports of ceasefire violations, with allegations being exchanged between the separatists and Kiev.
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