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The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict.
Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was always open to negotiating an end to the conflict.
The dollar fell on Tuesday as US Treasury yields stopped rising after a wave of increases, which provided an opportunity for stock markets and helped the euro and pound to catch a breath and recover from multi-year lows.
The Australian dollar was also eye-catching, as it fell by about one percent after the country’s central bank surprised the markets by raising interest rates less than expected, before recovering and joining the broad recovery wave.
The euro rose 0.5 percent to $0.9876, after hitting a 20-year low of $0.9528 on September 26. The pound also rose 0.6 percent to $1.1390, after hitting an all-time low of $1.0327 on the same day.
Gold prices hit a three-week high on Tuesday, October 4, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal.
And gold rose in spot transactions 2.5% to $ 1707.20 an ounce by 0725 GMT, after earlier touching the highest level since September 13 at $ 1710.39.
US gold futures rose 0.9% to $1,717.60.
The dollar index fell 0.5%, making gold less expensive for buyers abroad. Ten-year US Treasury yields also fell.
