Ammon News - Gold prices ​steadied on Monday as dip-buying helped the market recover from earlier losses, ‌after the metal slipped to a more than one-month low amid rising oil-driven inflation concerns and expectations that interest rates will stay higher for longer.

Spot gold was steady at $4,540.36 per ounce, as of 0241 ​GMT, after hitting its lowest level since March 30 earlier in the session.

U.S. ​gold futures for June delivery lost 0.4% to $4,543.70.

A drone strike ​caused a fire at a nuclear power plant in the United Arab Emirates, officials there said ​on Sunday.

Saudi Arabia, meanwhile, reported intercepting three drones, as U.S. President Donald Trump warned that Iran must ‌act "fast" ⁠after efforts to end the U.S.-Israeli war appeared to have stalled.

Spot silver fell 0.8% to $75.38 per ounce, platinum lost 0.1% to $1,972.10, and palladium ​dropped 1.3% at $1,394.75.

Reuters