Gold prices were moving lower on Monday after posting their first weekly advance since May on reduced expectations for immediate Federal Reserve rate hikes.
Spot gold fell 0.9 percent to $4,139.59 an ounce while U.S. gold futures were up 0.6 percent at $4,150.19.
Brent crude futures traded below $72 a barrel on growing concerns over a potential supply glut. That said, tensions surround the Strait of Hormuz remain elevated as Iran seeks to tighten control over the strategic shipping route.
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Market Analysis
Gold Edges Lower In Cautious Trade
2026-07-06 09:53:08
