Gold fell in the North American session on Monday as the US Dollar pared earlier losses and risk appetite weakened amid limited progress in US-Iran talks. XAU/USD traded at $4,673, down 0.75%. Geopolitical developments kept pressure on bullion, with Iran linked to a plan to reopen the Strait of Hormuz if US restrictions on Iranian ports are lifted. Axios reported Tehran proposed a three-stage process covering the war, the Strait of Hormuz, and nuclear discussions. on expectations for higher-for-longer US rates, which weighed on the non-yielding metal. The US 10-year Treasury yield rose 3.5 basis points to 4.342%. ... (full story)