Gold rebounds from one-week low as Iran cites progress in peace talks

From brecorder.com

Gold rose over 1% on Monday, rebounding from a more than one-week low hit in the previous session, as Brent crude oil prices fell ​after Iran claimed progress in US-Iran peace talks, easing concerns around inflation and higher interest rates. Spot gold was up 1.2% at $4,209.03 per ounce, as of 0112 GMT. US gold futures for August delivery fell 0.5% to $4,225.80. An Iranian foreign ministry spokesperson ​said good progress has been made during the quadrilateral talks in Switzerland, ​according to Iran’s Press TV. Iran-US peace talks in Switzerland stretched into ⁠their second day on Monday, after a tense opening ... (full story)