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Gold rebounds as US-Iran talks progress

Gold falls amid rising oil prices, inflation concerns
22 June 2026 22:01

NEW YORK (WAM)

Gold regained composure and left behind three-consecutive daily declines on Monday, looking to regain the area above the $4,200 mark per troy ounce.

Reports of progress in the latest round of US-Iran talks are helping the precious metal maintain its footing at the start of the week, although the stronger US Dollar seems to be limiting the upside potential for now.

On Monday, spot gold steadied at $4,184 to per ounce, bouncing back from Friday's slump, which marked its lowest level since June 11.

Meanwhile, spot silver advanced 2.4% to $66.46 per ounce, while platinum gained 1.7% to $1,691.54. Palladium also climbed 1% to $1,271.25.

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