Gold Up 1.6% Weekly Before US-Iran Talks

• Spot gold rose 1.6% this week, on track for a three‑week winning streak, while futures gained 2%.
• U.S. CPI for March jumped 3.3% YoY, 0.9% MoM, driven by a 10.9% surge in energy prices.
• President Donald Trump announced a two‑week US‑Iran ceasefire, but ongoing Israeli strikes in Lebanon raise doubts on its durability.
• Gold’s safe‑haven appeal is tempered by a stronger dollar, while higher oil prices could keep inflation pressures alive.