Gold rebounds from one-week low as Iran cites progress in peace talks

Spot gold rebounded 1.2 percent to around $4,209 per ounce as Iran cited progress in peace talks held in Switzerland, easing geopolitical tensions. Brent crude fell 0.5 percent on the same news, while silver jumped 2.6 percent to $66.60 and platinum gained 1.3 percent. Indian gold demand remained modest last week as prices stayed volatile, and Swiss gold exports dropped 9 percent month-on-month in May due to lower shipments to India and Hong Kong.