Gold prices edged lower on Wednesday after touching a one-month peak earlier in the session, as the dollar regained some strength and renewed hopes of U.S.–Iran peace talks boosted risk appetite.

Gold extended its gains on Tuesday after holding above the bullish channel’s lower line.

Gold prices opened the week with a downward gap, hitting their lowest level in about a week at $4,644, but recovered after gaining some positive momentum.

Gold prices fell slightly on Friday, erasing some of the gains recorded in the previous session.

Gold stabilized on Thursday after failing to hold above the key level of $4800 in the previous session.

Silver prices posted significant gains of 6% during Wednesday's trading, reaching their highest levels in three weeks. The white metal is currently trading above the key level of $77.00 per ounce.

Gold surged on Wednesday as it held above the bearish channel’s middle line.

Gold inched up on Tuesday as it held above the daily pivot point of $4634

Gold prices rose 0.3% in early trading on Monday, recouping some of the previous session’s 1.7% loss, and the price is currently looking to break above the key level of $4,700 per ounce.