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.The European Central Bank's monetary policy decision will also be in focus as market participants assess their impact on bullion and other commodities, they added.China's central ​bank increased ​up its gold reserves ​for a 19th month in May, data from the People's Bank of China showed ‌on ⁠Sunday. The ⁠country's gold reserves rose to ​74.96 million fine troy ounces by the ​end of May, versus the previous month's 74.64 million ounces. China's ​gold reserves were valued ⁠at $340.75 billion ‌by the end ​of ​last month, down from $344.17 ⁠billion the month prior, according to ​the PBOC data.Silver for July delivery fell Rs 18,461, or 7 per cent, to Rs 2.48 lakh per kilogram on the Multi Commodity Exchange (MCX)."Gold witnessed a weak performance last week as rising crude oil prices diverted market attention away from safe-haven assets," Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said.In the global markets, Comex gold futures shed USD 227.7, or 5 per cent, to end the week at USD 4,365 per ounce, while silver fell USD 6.77, or nearly 9 per cent, to USD 69.10 per ounce.Gold prices faced pressure in the overseas trade and closed the week down nearly 5 per cent, while silver, too, sold-off sharply tracking a sharp corrective move in industrial metals, Mer said.According to analysts, indications from Russian-Ukrainian leaders that the conflict could end soon have reduced the demand for bullion.Going ahead, precious metals may remain vulnerable if international prices stay below the USD 4,400-4,500 per ounce range, elevated crude oil prices and cautious investor sentiment could cap any sharp recovery, Trivedi said.