Gold rebounds above $4,200 as markets weigh Fed hike risk, Iran progress - Kitco AM Report

(Kitco NewsWire) - Spot gold and silver prices are higher in early U.S. trading Monday, as oil prices fell on progress in U.S.-Iran negotiations and traders balanced lower energy-risk premiums against the Federal Reserve’s hawkish June signal. At the time of writing, spot gold was trading near $4,203.80 an ounce, up 1.16%, while spot silver was trading at $66.325, up 2.30% on the session.The latest post-Fed positioning remains rates-led. The June meeting left the target range at 3.50% to 3.75%,