Gold prices decline on potential US-Iran peace talks
Spot gold fell 0.6% to $4,811.19 as investors shifted to riskier assets amid potential US-Iran peace talks. Rising oil prices also added to inflation concerns.
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Gold prices fell on Wednesday as risk appetite increased following reports of potential peace talks between the United States and Iran. Spot gold was down 0.6% at $4,811.19 per ounce, retreating from a one-month high reached earlier in the session, while futures for June delivery fell 0.3% to $4,834.40.
Negotiations to end the conflict could potentially resume in Pakistan within the next two days, according to statements made by President Donald Trump. This news has shifted investor focus away from safe-haven assets and toward riskier positions.
