Gold prices inched lower on Wednesday as prospects of another round of peace talks between the United States and Iran lifted risk appetite.
Brendon Thorne | Bloomberg | Getty Images
Gold prices inched lower on Wednesday after hitting a one-month high earlier in the session, as the dollar regained some ground and prospects of another round of peace talks between the United States and Iran lifted risk appetite.
Spot gold was down 0.3% at $4,828.07 per ounce, as of 0249 GMT, after hitting its highest since March 18 earlier. U.S. gold futures for June delivery were steady at $4,851.30.
The U.S. dollar rebounded from its lowest level in more than a month, making the greenback-denominated commodities, such as bullion, more expensive for holders of other currencies.
Oil prices fell while stocks surged on hopes that Iran will resume talks with the U.S. to end the conflict that has shut the…
