Gold Rises as Trump Announces Iran Talks, Fed Meeting Frequency in Question

Gold prices rose 0.5% to $4,068.07 an ounce on Monday after US President Donald Trump announced fresh negotiations with Iran.

This news eased concerns over a potential interest-rate hike and reduced energy-driven inflation, which had been weighing on the precious metal.

Benchmark Brent crude fell more than 7% as investors saw a possible breakthrough in the conflict between the US and Iran.

The Federal Reserve's next steps are also being closely monitored after Chairman Kevin Warsh mentioned considering reducing the frequency of policy meetings, which could be a significant shift for the central bank.