Trump special envoy reveals new details on Trump-Putin summit, touts 'epic' progress
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Gold Wavers as Traders Look to Jackson Hole and Ukraine Talks
(Bloomberg) -- Gold wavered as traders looked ahead to potential interest-rate signals from the Federal Reserve's annual gathering in Jackson Hole, as well as high-stakes diplomacy in Washington over efforts to end the war in Ukraine. Bullion traded in a narrow range over the past few sessions. Central bankers from around the world will gather at the retreat in Wyoming starting Friday, with markets largely expecting a reduction in US rates at the Fed's policy meeting next month. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The Fed's Raphael Bostic said after a tour of the southeastern US that he's open to adjusting rates soon, citing strains from Donald Trump's import tariffs and high borrowing costs squeezing business profits. Lower rates typically benefit gold because the precious metal doesn't bear interest. 'Markets increasingly expect the Federal Reserve to strike a more dovish tone at the upcoming Jackson Hole symposium, with traders largely looking past last week's slightly firmer U.S. inflation print,' said Priyanka Sachdeva, an analyst at Phillip Nova in Singapore. 'The broader market view is that inflationary pressures remain on a cooling path.' Meanwhile, Ukrainian leader Volodymyr Zelenskiy and his European allies were arriving at the White House to meet with Trump following his summit with Russia's Vladimir Putin last week, amid apprehension that he'll try to force Kyiv into making unpalatable concessions. Any signs of a ceasefire could ease demand for the precious metal as a haven. Gold has rallied by more than a quarter this year, reaching a record in April. Since then, prices have tracked sideways, with investors following the fallout from the US-led trade war, concerns over the strength of the global economy and geopolitical tensions. Central-bank buying has also helped to support bullion. Gold was little-changed at $3,333.06 an ounce as of 12:37 p.m. in New York. The Bloomberg Dollar Spot Index was up 0.2%. Silver, platinum and palladium edged higher. --With assistance from Laura Avetisyan and Yvonne Yue Li. Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P.
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Trump-Zelensky meeting: Live updates as European leaders convene at White House over Russia-Ukraine war
The Ukrainian president is being joined by key EU officials in his Oval Office discussions with Trump, who left a summit with Russian President Vladimir Putin without a ceasefire deal. President Trump and Ukrainian President Volodymyr Zelensky are scheduled to meet at the White House on Monday afternoon to discuss Russia's war in Ukraine. Zelensky, whose last trip to the Oval Office unraveled in spectacular fashion, will be joined in his meeting with Trump by European leaders, including French President Emmanuel Macron, German Chancellor Friedrich Merz, British Prime Minister Keir Starmer and NATO Secretary-General Mark Rutte. The sitdown comes three days after Trump met with Russian President Vladimir Putin in Anchorage, Alaska, in a highly watched summit that ended without a ceasefire deal. Trump has been trying for months to secure an end to the Russia-Ukraine war. He framed the Alaska talks as the first step in reaching a 'peace agreement' between Moscow and Kyiv. In a post on Truth Social on Sunday, Trump said Zelensky 'can end the war with Russia almost immediately, if he wants to, or he can continue to fight.' The president suggested Ukraine must cede Crimea, which Russia annexed in 2014, and agree that Ukraine will never join NATO — two key demands made by Putin. Meanwhile, Russia continues to strike Ukraine. At least seven people, including a child, were killed in a Russian drone strike on an apartment complex in Kharkiv on Monday, Ukrainian officials said. Yahoo News is providing live updates on the meeting between Trump, Zelensky and the European leaders in the blog below. In an appearance on ABC's "This Week" on Sunday, Secretary of State Marco Rubio tempered expectations ahead of Monday's meeting between President Trump and Ukrainian President Volodymyr Zelensky. "We made progress in the sense that we identified potential areas of agreement, but there remains some big areas of disagreement," Rubio said of Trump's summit with Russian President Vladimir Putin in Alaska. "So, we're still a long ways off," the secretary of state said. "I mean, we're not at the precipice of a peace agreement. We're not at the edge of one, but I do think progress was made." Ukraine supporters are rallying outside the Eisenhower Executive Office Building near the White House as European leaders begin to arrive for their afternoon meeting with President Trump and Ukrainian President Volodymyr Zelensky. Trump is scheduled to meet privately with Zelensky at 1 p.m. ET. European leaders who will be joining Ukrainian President Volodymyr Zelensky after his meeting with President Trump have begun arriving at the White House. Their motorcades are being greeted by a military honor guard on the South Lawn. At least one dignitary is heading to the White House straight from the airport. According to the foreign press pool, French President Emmanuel Macron landed at Dulles at 11:26 a.m. and is going directly to 1600 Pennsylvania Avenue. Amid President Trump's meetings over the Russia-Ukraine war, first lady Melania Trump wrote a letter to Russian President Vladimir Putin urging him to protect children. The letter, which was dated Aug. 15, was posted to President Trump's Truth Social account. According to ABC News, it was hand-delivered to Putin during the summit with President Trump in Anchorage, Alaska, on Friday. 'Every child shares the same quiet dreams in their heart, whether born randomly into a nation's rustic countryside or a magnificent city-center. They dream of love, possibility and safety from danger," Melania Trump's letter began. It makes no direct mention of Russia's war in Ukraine, which has displaced hundreds of thousands of Ukrainian children and left at least 716 of them dead, according to the United Nations. "We must strive to paint a dignity-filled world for all — so that every soul may wake to peace, and so that the future itself is perfectly guarded," the first lady continued. "A simple yet profound concept, Mr. Putin, as I am sure you agree, is that each generation's descendants begin their lives with a purity — an innocence which stands above geography, government, and ideology. 'Yet in today's world, some children are forced to carry a quiet laughter, untouched by the darkness around them — a silent defiance against the force that can potentially claim their future,' she said. She implored Putin to "singlehandedly restore their melodic laughter," saying that he could do so "with a stroke of the pen." "It is time," the first lady concluded. The last time President Trump and Ukrainian President Volodymyr Zelensky met in the Oval Office was in February, when an argument broke out between the two leaders. The meeting was for an economic deal that would make the U.S. a partner in developing Ukraine's natural resources, Yahoo Finance reported at the time, but Zelensky left the White House before signing the deal. During the 10-minute meeting, Trump and Vice President JD Vance called Zelensky "disrespectful" and claimed he wasn't thankful enough for the U.S.'s involvement. "You're right now, not really in a very good position," Trump told Zelensky. "You don't have the cards right now. With us, you start having cards." "I'm not playing cards," Zelensky responded. "You're gambling with the lives of millions of people," Trump said. "You're gambling with World War III." After more back-and-forth, Trump then told Secretary of State Marco Rubio and then-national security adviser Mike Waltz to tell Zelensky the meeting was over. Zelensky left the White House and canceled the joint press conference that was scheduled for later that afternoon. In a Truth Social post that afternoon, Trump wrote, "I have determined that President Zelenskyy is not ready for Peace if America is involved, because he feels our involvement gives him a big advantage in negotiations. I don't want advantage, I want PEACE. He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for Peace.' Hours ahead of his meeting with President Trump, Ukrainian President Volodymyr Zelensky said in a post on X that he met with Keith Kellogg, Trump's special envoy to Ukraine and Russia. "We discussed the battlefield situation and our strong diplomatic capabilities — Ukraine's and all of Europe's together with America." Zelensky wrote. "Russia can only be forced into peace through strength, and President Trump has that strength. We have to do everything right to make peace happen." In his post, Zelensky also pointed to Russia's continued strikes on Ukraine amid the discussions. "Last night, Russian attacks on our cities continued," he said. "Among those killed were two children, and dozens of people were wounded. People were simply sleeping when the Russian army launched strikes on the cities." Ukrainian President Volodymyr Zelensky is being joined by several key European leaders at the White House for his discussions with President Trump. Per CNN, the group includes the following: European Commission President Ursula von der Leyen NATO Secretary General Mark Rutte British Prime Minister Keir Starmer French President Emmanuel Macron German Chancellor Friedrich Merz Italian Prime Minister Giorgia Meloni Finnish President Alexander Stubb In post on X Sunday night, Ukrainian President Volodymyr Zelensky thanked Trump for the invitation to the White House, and expressed guarded optimism that Monday's talks would be productive. 'We all share a strong desire to end this war quickly and reliably,' Zelensky said. 'I am confident that we will defend Ukraine, effectively guarantee security, and that our people will always be grateful to President Trump, everyone in America, and every partner and ally for their support and invaluable assistance. Russia must end this war, which it itself started.' In a Truth Social post earlier this morning, President Trump said he was anticipating 'a big day at the White House' 'We have never had so many European Leaders here at one time,' Trump said. 'A great honor for America!!!' Last night, Trump said on Truth Social that Zelensky 'can end the war with Russia almost immediately, if he wants to, or he can continue to fight.' The president suggested that Ukraine has to agree to some of Russia's conditions for the war to end. Those conditions include Ukraine ceding Crimea to Russia and agreeing not to join NATO. The White House released the following schedule for today's talks, which will start with President Trump and Ukrainian President Volodymyr Zelensky meeting privately in the Oval Office at 1 p.m. ET. 12 p.m. ET: Guests arrive at the White House at the South Portico. 1 p.m. E: Trump and Zelensky meet in the Oval Office. Vice President JD Vance is also expected to join the bilateral meeting. 2:15 p.m. ET: Trump meets and greets the other European leaders in the State Dining Room. 2:30 p.m. ET: Trump participates in a "family photo" with European leaders in Cross Hall. 3 p.m. ET: Trump, the European leaders and Zelensky start their meeting in the East Room of the White House.
