Gold Prices Decline Amid Inflation and US-Iran Peace Talks
Spot gold fell to $4,599.45 as high oil prices fueled inflation fears and hawkish Fed signals. Markets are monitoring US-Iran peace talks and economic data.
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Gold fell 0.3% to $4,599.45 per ounce on Monday overnight as inflation concerns and geopolitical negotiations dampened investor demand. Prices retreated from recent highs after the United States Federal Reserve maintained a hawkish stance on interest rates. High energy costs linked to the Israel-Iran conflict are keeping inflation elevated, delaying potential rate cuts.
