On Monday, gold prices fell as a result of a strong U.S. dollar and rising oil prices, which have raised concerns over inflation and prolonged interest rates. Spot gold was down 0.3% at $4,694.26 per ounce, and U.S. gold futures for June delivery decreased 0.9% to $4,697.60. Last week, gold experienced a 2.5% drop, breaking a four-week winning streak. The ongoing U.S.-Iran peace talks remain stalled, with U.S. President Donald Trump emphasizing that Iran must not possess nuclear weapons. This geopolitical uncertainty has unsettled markets, particularly as oil prices rise. Meanwhile, gold premiums in India surged to their highest levels in 2.5 months, indicating tightening supplies and increased buying interest, especially from China. Investors are now focused on the upcoming U.S. Federal Reserve interest rate decision scheduled for Wednesday, which could further influence gold prices and market dynamics.