Ammon News - Gold prices ‌fell on Thursday after two consecutive sessions of gains, as investors awaited clearer signs of progress in Middle East de-escalation efforts, the outcome of which could shape the global financial and monetary policy landscape.

Spot gold ​fell 1% to $4,476.51 per ounce by 0555 GMT. U.S. gold futures for April ​delivery lost 2.1% to $4,457.

U.S. President Donald Trump said Iran was desperate to ⁠make a deal to end nearly four weeks of fighting, contradicting the Iranian foreign minister ​who said his country was reviewing a U.S. proposal but had no intention of holding ​talks to wind down the conflict.

Brent crude futures climbed back above $100 a barrel on concerns that protracted fighting in the Middle East will further disrupt energy flows.

Spot silver fell 1.9% to $69.90 per ounce. Spot platinum was down 1.4% at $1,893.60, while palladium dropped ​2% to $1,394.83.

Reuters