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HIBAPRESS
Global gold prices fell during sluggish trading today, Monday, affected by inflation fears that overshadowed expectations for US monetary policy, amid market anticipation of the results of peace negotiations between Washington and Tehran.
The price of gold in spot transactions fell by 0.5% to reach $4588.71 per ounce, while US futures contracts for June delivery fell by 0.9% to record $4600.60.
The markets are still suffering from the repercussions of the Federal Reserve's hawkish tone last week, especially with the emergence of opposing voices within the bank pushing towards abandoning monetary easing policies to confront rising inflation.
