Gold Rises 0.7% After US-Iran Ceasefire

Spot gold climbed 0.7% to $4,753.92/oz, futures up 1.1% to $4,773.50/oz on Wednesday.
The rally followed President Donald Trump's announcement of a US‑Iran ceasefire extension, easing Middle‑East tensions.
A modest 0.1% rise in the dollar index and Fed nominee Kevin Warsh’s no‑rate‑cut pledge tempered gains.
Brent crude hovered just below $100/barrel, reviving inflation concerns and potential central‑bank rate hikes.