India, June 22 -- Extending the losses from Thursday's plunge, gold prices have turned lower on Monday amid persisting concerns of a high-interest-rate regime in the near-term in addition to a strengthening U.S. dollar despite U.S.-Iran peace talks showing signs of progress.
Of note, U.S. markets remained closed on Friday on account of the Juneteenth Federal Holiday.
Front Month Comex Gold for August month delivery has inched lower by $36.80 (or 0.87%) to $4,209.10 per troy ounce.
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