Gold steady as traders weigh Israel-Iran ceasefire, inflation risks

Israel and Iran to halt attacks on each other

U.S. May Consumer Price Index due on Wednesday

Gold prices were largely steady ‌on Tuesday as traders assessed a fragile ceasefire between Israel and Iran and also watched out for signs of progress in the broader Middle East conflict, with concerns over inflation ​and interest rate hikes in focus.
Spot gold was up 0.1% at $4,333.91 ​per ounce, as of 0404 GMT. In the previous session, bullion ⁠touched its lowest point in more than two months.

Source: Reuters