Gold prices fell more than 2 percent on Tuesday, pressured by a firmer US dollar on expectations of Federal Reserve interest rate hikes this year, while investors assessed US-Iran peace talks. Stocks across the globe declined amid concerns over AI-related share valuations and as higher interest rates loomed. Crude fell 1 percent while the dollar held near a one-year high, making gold less affordable for buyers holding other currencies.

Gold prices surged over 1% as easing U.S.-Iran tensions and falling crude oil prices reduced inflation and interest rate hike fears. While investors anticipate the Fed holding…

Gold prices held steady as U.S.-Iran peace talks progressed, offering a glimmer of regional stability. However, escalating expectations of a December Federal Reserve interest rate…