India, July 27 -- Gold prices traded higher on Monday as oil prices tumbled amid eased Middle East tensions, helping ease inflation and interest-rate concerns ahead of crucial Fed, BoE and BoJ central bank meetings due this week.
Spot gold jumped 1 percent to $4,093.68 an ounce while U.S. gold futures were up 0.6 percent at $4,094.
Iran stopped conducting counterattacks and said it had made progress in talks with Oman on management of the Strait of Hormuz after the U.S. paused an almost two-week run of strikes against Iran for a second night.
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