Gold Prices Remain Steady as Traders Observe Israel-Iran Truce
Early trading on Tuesday during the Asian market session saw gold holding steady as traders stayed cautious after Israel and Iran announced a temporary truce in their conflict. Traders are unsure whether the ceasefire will hold, and they are also watching for CPI data due to be released in the U.S. on Wednesday. The anticipated inflation data for the month of May will give traders pointers about the likely policy direction of the U.S. Fed regarding to interest rates. This inflation data is taking on greater importance because recently released employment data showed resilience and employers were hiring at a…