Gold Prices Slip Amid Ongoing Middle East Tensions

Gold prices have slipped by 0.3% to $4,362.60 per ounce on Monday as market participants assess developments in the Middle East and their implications for inflation and interest rates.

The Iran-US tensions continue to weigh on markets, with President Donald Trump warning Iran that it will fail economically or face the removal of its leadership if it does not make a deal.

Gold's potential upside is hindered by the focus on geopolitics, oil prices, and bond yields. According to Tim Waterer, chief market analyst at KCM Trade, 'a clear move lower in oil and/or bond yields' is required for gold to gain meaningful traction.