Gold Edges Lower After Report Iran Wants to Resume Talks

Gold edged lower, erasing gains made earlier in the day, as fears subsided that Israel’s war against Iran would drag in other countries.

The precious metal fell on Monday to trade close to $3,390 an ounce, about $110 short of an all-time peak set in April. Israel and Iran exchanged fire for the fourth consecutive day on Monday. Markets calmed as fears of a regional war decreased, with Tehran signaling it wants to deescalate hostilities with Israel and is willing to resume nuclear talks with the US, the Wall Street Journal reported.

“The volatility has receded somewhat today as investors ...