Gold rises as markets weigh ceasefire and inflation data

Gold prices edged higher on Thursday as investors monitored a tenuous ceasefire between the United States and Iran while awaiting significant economic data. Spot gold rose 0.3% to $4,728.18 per ounce by mid-morning, following a peak reached on Wednesday. Meanwhile, gold futures for June delivery saw a slight decline of 0.5%, settling at $4,754.30.

Market analyst Ross Norman observed that the current environment remains volatile due to geopolitical developments.