Gold prices were steady on Tuesday, as investors parsed a partial ceasefire between Hezbollah and Israel and awaited further details on U.S.-Iran negotiations amid growing concerns around inflation and interest rate hikes. FUNDAMENTALS * Spot gold was unchanged at $4,484.49 per ounce, as of 0048 GMT. U.S. gold futures gained 0.2% to $4,514.30. * Lebanon on Monday announced a partial ceasefire between Hezbollah and Israel, in what would amount to a limited de-escalation of a conflict that has killed thousands of people and inflamed the broader war with Iran. * Iranian state media said earlier on Monday that Tehran was halting indirect negotiations with the U.S. and might end a ceasefire that has largely held since early April, citing the war in Lebanon. * U.S. President Donald Trump, meanwhile, said that talks with Iran were ongoing "at a rapid pace." * Investors are now looking out for U.S. non-farm payroll data and the employment report, both due later in the week, to assess resilience in the labour market amid mounting inflation concerns due to the Middle East conflict. * Also in focus are remarks from U.S. Federal Reserve policymakers, including Cleveland Fed President Beth Hammack and Fed Governor Michael Barr, to gauge the future monetary policy path. * SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.3% to 938.03 metric tons on Friday. [GOL/ETF] * Spot silver rose 0.2% to $74.92 per ounce, platinum gained 0.3% to $1,928.65, while palladium fell 0.2% to $1,359.25. DATA/EVENTS (GMT) 0900 EU HCIP Flash YY May 0900 EU HCIP-X F,E,A,T Flash MM, YY May
Gold steady amid uncertainty over US-Iran peace negotiations
Gold prices held steady as investors weighed a partial ceasefire between Hezbollah and Israel against ongoing U.S.-Iran negotiations. Concerns over inflation and potential interest rate hikes also influenced the market. Investors await U.S. employment data and Federal Reserve remarks for further policy direction.
Gold steady at $4,484/oz as Hezbollah-Israel ceasefire and US-Iran talks shift focus to Fed policy remarks and inflation signals. For tech managers, macro uncertainty signals capex caution and talent cost pressures; Fed commentary this week will guide rate trajectory.















