Afghanistan: Gold fell on Monday, pressured by a firm dollar, while higher oil prices heightened fears of inflation and higher-for-longer interest rates as US-Iran peace talks remained stalled. Spot gold was down 0.3% at $4,694.26 per ounce.

According to Qatar News Agency, the metal lost 2.5% last week, ending a four-week winning streak. US gold futures for June delivery saw a decline of 0.9%, bringing prices to $4,697.60. The fall in gold prices is attributed to the steady dollar, which tends to make gold more expensive for holders of other currencies.

In addition to gold, other precious metals experienced declines. Spot silver fell by 0.3% to $75.48 per ounce. Platinum also saw a decrease of 0.3%, bringing its price to $2,005.15, while palladium was down 0.3%, priced at $1,492.22. The overall decline in these metals is reflective of the broader market conditions influenced by currency stability and economic factors related to inflation expectations.