*
Zelenskiy to meet Trump in Washington later on Monday
*
Palladium gains after hitting lowest level since July 10
*
Powell to speak at Fed's annual conference in Jackson
Hole,
Wyoming, scheduled for August 21-23
(Updates prices for US mid-session trading)
By Noel John
Aug 18 (Reuters) -
Gold prices were largely steady on Monday, as investors
focused on U.S. President Donald Trump's meeting with Ukrainian
and European leaders later in the day, and the Federal Reserve's
annual symposium in Jackson Hole this week.
Spot gold was flat at $3,334.81 per ounce at 11:56
a.m. ET (1556 GMT), after hitting its lowest level since August
1 earlier in the session. U.S. gold futures for December
delivery fell 0.1% to $3,379.70.
The U.S. dollar gained 0.3%, making greenback-priced bullion
more expensive for other currency holders.
The key event for investors on Monday is a White House meeting
between Trump and Ukrainian President Volodymyr Zelenskiy,
joined by European leaders, as Washington pushes for a swift
peace deal to end Europe's deadliest conflict in eight decades.
This follows Trump's meeting with Russian President Vladimir
Putin on Friday, where the two leaders agreed to pursue a peace
deal without implementing a ceasefire.
"There was not much reaction in gold to the Putin-Trump meeting.
I think we'll continue in this price range. The next inflection
point is the Federal Reserve (conference)," said Marex analyst
Edward Meir.
Minutes from the U.S. central bank's July policy meeting are due
on Wednesday, ahead of the Fed's annual conference in Jackson
Hole, Wyoming, scheduled for August 21-23. Fed Chair Jerome
Powell is expected to speak at the event.
Investors will be watching out for Powell's remarks on the
economic outlook.
While markets have already priced in a 25 basis point cut,
there's an outside chance of a 50 basis point reduction, which
could drive gold prices higher, Meir said.
Gold tends to perform strongly in environments with low
interest rates and heightened uncertainty.
Elsewhere, spot silver rose 0.1% at $38.02 per ounce,
and platinum rose 0.1% to $1,336.55.
Spot palladium gained 1.1% to $1,124.04 after
falling to its lowest level since July 10 earlier in the
session.
(Reporting by Noel John in Bengaluru; Editing by Arun Koyyur)