Gold rebounds as US-Iran talks progress; Fed outlook worries limit gains

AI Summary

Gold prices rebounded as US-Iran talks progressed in Switzerland, though gains were limited by concerns over the Federal Reserve's monetary policy outlook. Prices showed a 1.1% increase, recovering from a recent dip.

Gold prices rose on Monday as investors monitored developments in U.S.-Iran negotiations in Switzerland and assessed the outlook for U.S. monetary policy following the Federal Reserve’s hawkish signals last week. rose 1.1% to $4,204.34 an ounce by 05:28 ET (00:28 GMT), while climbed 1.2% to $4,222.42. Bullion has slipped 1.4% last week, and is coming ...