Gold Up 0.3% After US-Iran Ceasefire

Spot gold rose 0.3% to $4,719.35/oz, hitting a session high of $4,856.00/oz after US‑Iran ceasefire announcement.
US gold futures for June gained 1.3% to $4,745.15/oz, while oil prices fell over 12% and the dollar index slipped.
The ceasefire, brokered by Pakistan, hinges on safe reopening of the Strait of Hormuz, which carries about 20% of global oil flows.
Investors await the US March CPI report, expected to show headline inflation acceleration due to higher fuel costs, influencing Fed policy.