Gold Stabilizes Above $4,500 per Ounce on Monday as US-Iran Ceasefire Talks Show Limited Progress

Gold stabilized above $4,500 per ounce on Monday, as the U.S. and Iran made limited progress on a long-term ceasefire agreement over the weekend. Washington and Tehran exchanged draft proposals aimed at extending the ceasefire and reopening the Strait of Hormuz, though the status of negotiations remains unclear. President Donald Trump reiterated calls for Iran to halt its nuclear program and fully restore Hormuz as an open international waterway.

Investors are awaiting the latest U.S. monthly employment report due later this week, which could provide fresh insights into labor market strength and the Federal Reserve's policy direction.