Precious metal valuations remained confined to a limited band during Monday’s session as diplomatic channels between Washington and Tehran remained frozen, keeping energy sector participants on edge while investors positioned themselves ahead of a critical Federal Reserve policy announcement. The spot market for the yellow metal registered $4,714.83 per troy ounce during Asian trading sessions, showing minimal movement as market participants evaluated Tehran’s latest diplomatic overture against the backdrop of persistent Middle Eastern instability. Tehran delivered a fresh proposal to Washington during weekend ... (full story)