Gold Aims for First Monthly Gain Since May Amid US-Iran Tensions

Gold is on track to post its first monthly gain in five months as investors assess the impact of the US-Iran conflict and analyze signals from the Federal Reserve for clues about inflation and interest rates.

The spot price of gold fell by 0.2% to $4,096.29 per ounce but is poised to end the week with a 1.1% gain, according to Reuters.

This marks a rare positive trend in an otherwise turbulent market, where other precious metals are struggling.