Russian Foreign Minister Lavrov says there are no concrete contacts with the US on extending the New START arms treaty or a new deal

Russian Foreign Minister Lavrov says there are no concrete contacts with the US on extending the New START arms treaty or a new deal.

Lavrov's remarks indicate a significant lack of progress in US-Russia relations regarding nuclear arms control, which could heighten geopolitical tensions. This uncertainty may impact safe-haven assets like gold and the USD, while also affecting market sentiment across currencies, especially in the context of ongoing conflicts. Traders should be mindful of potential volatility in commodity prices tied to energy and metals as these dynamics evolve.