Gold prices muted as traders watch Iran ceasefire strains; US CPI awaited

Investing
2026.04.09 01:36
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Gold prices remained stable in Asian trading, with spot gold at $4,720.68 an ounce and U.S. Gold Futures down 0.7% to $4,743.00/oz. Market sentiment is cautious due to ongoing Middle East tensions and doubts about the U.S.-Iran ceasefire. Traders are also awaiting U.S. CPI data for insights on inflation and Federal Reserve policy. Other precious metals saw slight declines, with silver at $73.89 per ounce and platinum at $2,011.14/oz. Oil prices rebounded modestly after a sharp drop following the ceasefire announcement.