%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The price of %Gold (TVC: $GOLD ) is moving lower ahead of upcoming talks between the U.S. and Russia, and as expectations rise for interest rate cuts from the American central bank. Spot gold prices have fallen about 1% to $3,395.80 U.S. an ounce, continuing weakness seen over the past week. The price of bullion is moving lower as commodities traders brace for the meeting on Aug. 15 between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska. The meeting has raised the prospect of a ceasefire in Ukraine, which would help ease geopolitical tensions and stabilize the global economy. At the same time, expectations are rising for the Fed to lower interest rates by 25-basis points at its September meeting. Futures traders are betting that there's a greater than 80% chance the U.S. central bank will lower interest rates in September. A ceasefire in Ukraine will lessen gold's appeal as a hedge against geopolitical instability, while lower interest rates will make riskier assets such as stocks and cryptocurrencies more appealing to investors. As such, downward pressure is exerted on gold's price currently, say traders. The price of gold has risen more than 20% this year to reach an all-time high above $3,500 U.S. an ounce. However, gold's gains have moderated in recent weeks as stocks and cryptocurrencies hit record highs amid bullish sentiment towards risk assets.