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Story summary
- Spot gold rose to $4,343.03 an ounce on Monday.
- President Donald Trump said Israel and Iran were seeking an immediate ceasefire.
- Peter Grant of Zaner Metals said the ceasefire news eased gold’s downside pressure.
- Strong U.S. jobs data lifted the dollar and raised December Federal Reserve (Fed) hike odds to 43%.
- Traders await May CPI on Wednesday and May PPI on Thursday for Fed guidance.
