Gold Price Forecast: Fed Signal, Iran Talks Put $4,700 Bullion Level Back in Play
Gold hovered just below $4,700 an ounce on Monday, finding some lift from a weaker dollar, but lingering worries about climbing oil prices and the possibility of higher-for-longer U.S. interest rates kept gains in check. As of 0728 GMT, spot gold ticked up 0.1% to $4,714.51 per ounce, while June U.S. gold futures edged down 0.2% to $4,729.40.