On Monday, gold prices fell 0.3% to $4,694.26 per ounce, influenced by a strong dollar and rising oil prices that have raised inflation concerns. This decline marks the end of a four-week winning streak for the precious metal. U.S. gold futures for June delivery also dropped 0.9% to $4,697.60. The market remains unsettled as U.S.-Iran peace talks have stalled, with President Donald Trump stating Iran could reach out for negotiations while emphasizing that it should not possess nuclear weapons. The cancellation of a trip by U.S. envoys to Pakistan, intended to mediate discussions, further complicates the situation. Additionally, gold premiums in India surged to their highest levels in two and a half months due to tightening supplies, while demand increased in China. Investors are now looking ahead to the U.S. Federal Reserve's interest rate decision following its upcoming two-day meeting.