Gold futures gains have narrowed, while Brent crude oil prices rebound above $100 per barrel

Gold futures' gains have narrowed, while Brent crude prices have rebounded above $100 per barrel. The stalled progress in US-Iran negotiations is also weighing on market sentiment. Mitsubishi UFJ analyst Soojin Kim stated that eight consecutive weeks of regional conflict continue to disrupt energy supply and intensify inflation risks, but market expectations for central banks to maintain high interest rates remain the main factor suppressing gold prices. During the mid-session trading in the US, New York gold futures rose by 0.7%, quoted at $4,755.60 per ounce.