Gold slips on stronger dollar, oil as markets await Trump decision on Iran proposal

June 1 (Reuters) – Gold inched lower on Monday, pressured by a ‌stronger dollar and rising crude oil prices, as investors awaited U.S. President Donald Trump’s decision on a proposed deal to extend the ceasefire with Iran.

Spot gold was down 0.3% at $4,521.25 per ounce, as of 0520 ​GMT, after hitting a two-week high in the previous session. U.S. gold futures ​for August delivery fell 0.9% to $4,551.60.