Ukraine President Zelensky says Ukraine is starting a ceasefire on May 5th-6th

Context

President Zelensky's announcement of a ceasefire marks a significant potential turning point in the ongoing conflict, which could lead to a de-escalation of tensions and a temporary pause in military actions. This development may impact risk sentiment in the markets, particularly with regard to assets such as gold and oil, which often react to geopolitical stability and uncertainty. Traders should watch for potential reactions in equity markets and havens as the situation evolves and negotiations progress.

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