Gold wavers as markets await US inflation data after Trump energy ceasefire

Gold prices swung Monday as investors awaited US inflation data, while Trump's Russia–Ukraine energy ceasefire weighed on oil and the dollar.

• Spot gold rose 0.3% to $4,206.01 an ounce, hitting its highest since October 2, before retreating 0.2% to $4,186.05.
• Trump announced a Russia–Ukraine energy ceasefire effective immediately; Zelensky said he still awaits the agreement's details.
• Markets await the US consumer price index Wednesday, followed by producer prices and retail sales Thursday.
• Silver gained 0.5% to $61.12 an ounce, platinum 1% to $1,704.70, and palladium 1.2% to $1,161.81.
• The dollar held near an 18-month high ahead of US inflation data that could sway Federal Reserve decisions.
• European stocks and US futures rose on easing concerns over oil supplies following the ceasefire agreement.
• Attacks on tankers near the Strait of Hormuz and Oman's Sohar port continued to threaten energy exports.
• Traders priced an 81% chance the Federal Reserve keeps rates unchanged this month, up from 51% a month ago.
• Houthi attacks on Saudi energy facilities added to investor caution ahead of the US inflation data.
• Spot gold slipped 0.4% to $4,176.86, pressured by dollar strength ahead of US inflation data.