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Gold's traditional relationship with real interest rates is weakening, and while higher U.S. rates and a potentially stronger U.S. dollar could keep prices volatile in the near term, Standard Chartered sees structural forces providing a solid floor under the precious metal.

Gold remains range-bound between $4,300 and $4,500 as elevated U.S. interest rates limit momentum.

Kitco NewsWire) - Spot gold prices are modestly lower and spot silver prices are firmer in early U.S. trading Monday, as elevated Treasury yields and a firmer dollar offset safe-haven demand tied to U.S.-Iran tensions and constrained traffic through the Strait of Hormuz.

Gold prices slide as three central bank hikes and stubborn inflation keep sellers in control. Watch yields, $4,384 resistance and $4,296 support.

Gold and silver remain capped by Fed tightening expectations, while lower oil prices ease inflation concerns and gold holds above key support.