Gold prices experienced a decline at the beginning of the week, reflecting ongoing concerns about elevated inflation levels and uncertainty surrounding U.S.-Iran relations. As traders navigate the complexities of potential military conflict and the impact of peace negotiations, the precious metal is feeling the pressure of these geopolitical dynamics. The market is also closely monitoring upcoming economic data from the U.S., which could influence the Federal Reserve's monetary policy direction. With inflationary pressures exacerbated by rising crude oil prices, both gold and silver opened the trading session flat as investors weigh the implications of these factors. The current sentiment in the market remains cautious, situated within a broader context of extreme greed, as traders remain eager yet apprehensive about the potential for future price movements amidst a volatile economic landscape.