June 22 (Reuters) - Gold rose over 1% on Monday, rebounding

from a more than one-week low hit in the previous session, as

Brent crude oil prices fell after Iran claimed progress in

U.S.-Iran peace talks, easing concerns around inflation and

higher interest rates.

FUNDAMENTALS

* Spot gold was up 1.2% at $4,209.03 per ounce, as of

0112 GMT. U.S. gold futures for August delivery fell

0.5% to $4,225.80.

* An Iranian foreign ministry spokesperson said good progress

has been made during the quadrilateral talks in Switzerland,

according to Iran's Press TV.

* Iran-U.S. peace talks in Switzerland stretched into their

second day on Monday, after a tense opening marked by Tehran's

announcement it had again closed the Strait of Hormuz and U.S.

President Donald Trump repeating his threats to resume attacks

on Iran.

* Brent crude futures fell 0.5% after Iran claimed progress

in peace talks, easing fears of elevated inflation and

higher-for-longer global interest rates.

* Federal Reserve Chair Kevin Warsh's emphasis on inflation in

last week's press conference, without any more-nuanced

commentary about what might clear the bar for a rate hike, led

investors to conclude an increase was coming soon and begin

bidding up bond yields.

* Most global brokerages are betting on the Fed to hold interest

rates steady for the rest of 2026, reversing from expectations

of two interest rate cuts at the start of the year, as

policymakers navigate elevated inflation risks and a resilient

labor market.

* Gold demand was modest in India last week as prices fell to

their lowest level in two-and-a-half months and remained

volatile, while top consumer China flipped to a discount.

* Swiss gold exports fell 9% in May from the previous month as

lower shipments to India and Hong Kong offset higher deliveries

to Britain and China, Swiss customs data showed.

* Spot silver rose 2.6% to $66.60 per ounce, platinum

gained 1.3% to $1,684.85, and palladium was up

1.5% at $1,276.88.

DATA/EVENTS (GMT)

0100 China Loan Prime Rate 1Y, 5Y Jun

1400 EU Consumer Confid Flash Jun