Gold eases as inflation jitters, Iran war cloud US rate outlook
Gold prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the U.S. monetary policy outlook, while markets awaited developments in U.S.-Iran peace negotiations.
Spot gold was down 0.2% at $4,605.19 per ounce, as of 0456 GMT. U.S. gold futures for June delivery fell 0.6% to $4,616.30.
Oil prices eased but held above $100 a barrel, with the lack of clarity around a potential U.S.-Iran peace deal remaining in focus.
U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent,
Spot silver rose 0.1% to $75.37 per ounce, platinum gained 0.7% to $2,002.80, and palladium was up 0.2% at $1,528.22.
Reuters
Gold prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the U.S. monetary policy outlook, while markets awaited developments in U.S.-Iran peace negotiations.
Spot gold was down 0.2% at $4,605.19 per ounce, as of 0456 GMT. U.S. gold futures for June delivery fell 0.6% to $4,616.30.
Oil prices eased but held above $100 a barrel, with the lack of clarity around a potential U.S.-Iran peace deal remaining in focus.
U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent,
Spot silver rose 0.1% to $75.37 per ounce, platinum gained 0.7% to $2,002.80, and palladium was up 0.2% at $1,528.22.
Reuters
Gold prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the U.S. monetary policy outlook, while markets awaited developments in U.S.-Iran peace negotiations.
Spot gold was down 0.2% at $4,605.19 per ounce, as of 0456 GMT. U.S. gold futures for June delivery fell 0.6% to $4,616.30.
Oil prices eased but held above $100 a barrel, with the lack of clarity around a potential U.S.-Iran peace deal remaining in focus.
U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent,
Spot silver rose 0.1% to $75.37 per ounce, platinum gained 0.7% to $2,002.80, and palladium was up 0.2% at $1,528.22.
Reuters
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Gold eases as inflation jitters, Iran war cloud US rate outlook
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