Gold Falls as Traders Weigh Restart of US-Iran Peace Talks

Gold fell as efforts to resume peace talks between the US and Iran remained at an impasse, two months into a war that’s upended global markets and raised inflation risks.

Bullion slipped below $4,700 an ounce on Monday after White House Press Secretary Karoline Leavitt said President Donald Trump had convened a meeting of national security officials to discuss an Iranian proposal. The comments followed reports that Tehran proposed an interim deal whereby it would reopen the Strait of Hormuz in exchange for Washington ending its naval blockade.