Gold Slips Below $4,200 as Oil Prices Fuel Inflation Worries

Gold and silver prices continued their downward trend on Monday, with gold slipping towards $4,200 an ounce and silver falling below $63.

The stalled talks between the US and Iran have kept oil prices high, fueling inflation worries and strengthening expectations of another rate hike by the Fed.

The higher Treasury yields and a stronger US dollar are also weighing on both metals, despite persistent tensions in the Middle East.

Coming up this week, key data points include Wednesday's US inflation report and Friday's jobs report, which could push US Treasury yields even higher and keep gold and silver prices under pressure.