Gold prices rose on Monday, recovering from over-a-week lows, driven by a decline in oil prices. This rebound followed positive signals regarding ongoing negotiations between the United States and Iran. Despite this increase, gold continues to face downward pressure from expectations of tighter monetary policy from the U.S. Federal Reserve. Spot gold prices increased by 0.7 percent, reaching $1,989.69 per ounce. The easing of tensions surrounding the Iran talks contributed to lower oil prices, which traditionally have an inverse relationship with gold. Investors often view gold as a hedge against inflation and geopolitical uncertainty, making it sensitive to both economic policy and international relations.