Gold futures finished higher on Monday as progress in U.S.–Iran peace talks weighed on oil prices and tempered some inflation concerns. Technical rebound and short-covering after a massive weekly drop also boosted yellow metal investments.
Gold futures for August delivery rose by $29.80 to 0.71% to settle at $4,202.70 an ounce on the Comex division of the New York Mercantile. However, spot gold plunged by $ 45.74 or 1.09% to $4,144.32 an ounce.
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