On Monday, gold rose more than 1% as softer oil reduced inflation concerns and investors awaited key U.S. inflation data and fresh signals from the Fed on policy. Oil fell after U.S. President Trump said he is highly unlikely to order further strikes on Iran and negotiations to end the conflict are continuing, easing supply-disruption fears. KCM Trade chief market analyst Tim Wotler said Trump’s softer stance helped cap oil, and a modest retreat in the dollar has eased some inflation pressure th

On Monday, gold rose more than 1% as softer oil reduced inflation concerns and investors awaited key U.S. inflation data and fresh signals from the Fed on policy. Oil fell after U.S. President Trump said he is highly unlikely to order further strikes on Iran and negotiations to end the conflict are continuing, easing supply-disruption fears. KCM Trade chief market analyst Tim Wotler said Trump’s softer stance helped cap oil, and a modest retreat in the dollar has eased some inflation pressure that had weighed on gold.