A local ceasefire brokered by First Lady Melania Trump took effect at 3:00 a.m. local time in Russia-occupied Oleshky, near Crimea, to allow humanitarian aid into the city, where residents face shortages of food, water and medicine; it is due to last until Saturday. Meanwhile, Ukrainian President Volodymyr Zelenskyy said Russia launched as many as 16 ballistic missiles and 280 drones overnight at major cities, causing casualties and targeting energy, logistics and urban infrastructure. The strikes come ahead of new trilateral peace talks between Ukraine, Russia and the U.S., following a visit to Europe by U.S. special envoy Steve Witkoff; the leaders said they were open to negotiations but security guarantees were essential. Bloomberg reported, citing people familiar with the matter, that Putin is preparing phone talks with the leaders of Finland and Norway on a possible peace agreement, which may happen as soon as Tuesday.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
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