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Gold edged up as traders weighed Donald Trump's claimed "energy ceasefire" between Russia and Ukraine; Brent crude fell 1.2% amid ongoing Middle East conflict risks.
Gold edged higher as traders assessed U.S. President Donald Trump's claimed "energy ceasefire" between Russia and Ukraine, even as the risk of an expanding Middle East conflict continued to fuel inflation concerns. Gold is currently trading near $4,200 an ounce, having risen 1.3% last week. Trump stated that the Russia-Ukraine ceasefire was effective immediately. Meanwhile, benchmark Brent crude fell 1.2%.
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