Gold prices turned lower on Monday, extending Thursday's plunge, as markets continued to price a high-interest-rate regime and a stronger U.S. dollar. Signs of progress in U.S.-Iran peace talks provided some geopolitical relief, but they were not enough to offset pressure on bullion from higher rates and FX strength.
Gold prices turned lower on Monday, extending Thursday's plunge, as markets continued to price a high-interest-rate regime and a stronger U.S. dollar. Signs of progress in U.S.-Iran peace talks provided some geopolitical relief, but they were not enough to offset pressure on bullion from higher rates and FX strength.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
