Gold price continues to remain sedate in June and was trading at near $4,368 per ounce. Spot gold prices logged a third straight month of decline in May as peace talks between the United States and Iran failing to yield results. Inflation risks following rising oil prices kept the "higher-for-longer" interest rate theme alive, with the dollar remaining elevated.
Gold prices will remain sensitive to developments in West Asia, movement in crude oil prices, and a series of key economic data releases in the week, analysts said. Investors will monitor trade and inflation data from China and the US, mid-month Washington's consumer sentiment figures.
