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Singapore, June 22 (QNA) – Gold rebounded from a more than one-week low on Monday as oil prices fell on signs of progress in US-Iran peace talks, though expectations of higher interest rates after hawkish Federal Reserve signals weighed on the metal’s outlook.
Spot gold was up 0.9% at $4,197.41 per ounce, after falling to its lowest level since June 11 on Friday. US gold futures for August delivery fell 0.7% to $4,215.90.
As for other precious metals, spot silver rose 1.8% to $66.10 per ounce, platinum gained 0.2% to $1,667.97, and palladium was up 1% to $1,270.41. (QNA)
