Gold edges lower as markets await US-Iran talks
Source: AFP
Gold prices eased as investors awaited clarity on whether the United States and Iran would engage in talks following renewed tensions over the weekend, while a slightly stronger US dollar also added pressure, News.Az reports, citing Al Jazeera.
Spot gold (XAU) fell 0.5 percent to $4,795.51 per ounce as of 04:18 GMT, extending losses from the previous day when prices dropped to their lowest level since April 13.
US gold futures (GC.1) for June delivery declined 0.3 percent to $4,814.
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The US dollar has edged higher, making dollar-denominated commodities more expensive for holders of other currencies, which further weighed on gold prices.
Overall, gold has fallen about 8 percent since the beginning of the US-Israel conflict with Iran.
By Nijat Babayev
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