Gold prices have remained low in June, trading at approximately $4,368 per ounce, marking a decline for the third consecutive month. This downturn is attributed to stalled peace talks between the United States and Iran, alongside persistent inflation risks driven by rising oil prices. Analysts indicate that gold prices will be influenced by developments in West Asia, fluctuations in crude oil prices, and critical economic data releases from both China and the United States. Notably, the People's Bank of China reported an increase in its gold reserves to 74.96 million fine troy ounces as of May, valued at $340.75 billion, despite a decrease from the previous month. In the global market, Comex gold futures fell by 5% to $4,365 per ounce, while silver prices also saw a significant drop. Analysts warn that if international gold prices remain below the $4,400 to $4,500 range, and with elevated crude oil prices, the market may face challenges in achieving a strong recovery.