Gold Trading Remains Depressed Amid Iran Talks Uncertainty
The uncertainty surrounding talks between the U.S. and Iran has dampened the gold market and caused prices to retreat to the low range within which the precious metal traded last week. The U.S. dollar has also regained some strength, and this has exerted additional pressure on bullion. Talks had been scheduled between the United States and Iran over the weekend but at the last minute, President Trump cancelled the trip that Jared Kushner and Steve Witkoff were about to make to Pakistan to participate in the talks. This development has created uncertainty regarding the direction of the conflict in the…