Gold inched lower on Monday, pressured by a stronger dollar and rising oil prices, as investors awaited U.S. President Donald Trump's decision on a proposed deal to extend the ceasefire with Iran. FUNDAMENTALS * Spot gold was down 0.2% at $4,527.36 per ounce, as of 0156 GMT, after rising to a two-week high in the ‌previous session. ⁠U.S. ⁠gold futures fell 0.8% to $4,558.10. * The dollar rose, making greenback-priced bullion more expensive for holders of other currencies. [USD/] * U.S. President Donald Trump said on Friday he would soon decide on a proposed deal to extend the ceasefire with Iran, though the two countries still appeared to differ on significant issues that have been central to the conflict. * Israeli Prime ⁠Minister Benjamin ‌Netanyahu has ordered troops to move further into Lebanon in the battle against the Iranian-backed Hezbollah militant group, he said ⁠on Sunday, despite a ceasefire announced more than six weeks ago. * Oil prices rose more than 2% in early trading on Monday, stoking inflation concerns. * Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday the Middle East war's impact on the economy, while still being measured, could lead to persistent rises in inflation that might require tighter monetary policy. * Federal Reserve ‌Bank of Philadelphia President Anna Paulson said on Friday "mildly restrictive" monetary policy is "well positioned" for an uncertain outlook where inflation pressures remain too high. * Gold ⁠demand in India remained subdued last week due to higher prices and import duties, while premiums in top consumer China narrowed amid cautious sentiment. [GOL/AS] * Gold speculators raised net long positions by 2,544 contracts to 96,931 in the week to May 26. [CFTC/] * Spot silver rose 0.4% to $75.54 per ounce, platinum gained 1% to $1,935.65, and palladium rose 1.3% to $1,371.24. DATA/EVENTS (GMT) 0755 Germany HCOB Mfg PMI May 0800 EU HCOB Mfg Final PMI May 0830 UK S&P Global Manufacturing PMI May 0900 EU Unemployment Rate Apr 1345 US S&P Global Mfg PMI Final May 1400 US ISM Manufacturing PMI May