Gold steadies amid ceasefire hopes as strong U.S. jobs data caps gains
Gold rebounded from session lows after President Trump announced Israel and Iran were pursuing an immediate ceasefire
Strong U.S. jobs data raised expectations of a Federal Reserve rate hike, limiting gold’s upside potential
Spot gold steadied at $4,330.98 per ounce after hitting a session low of $4,268.39, its weakest since March 23
Traders now price in a 43% chance of a quarter-point rate hike in December, up from 14% a month ago
Markets await key U.S. inflation data this week, including CPI on Wednesday and PPI on Thursday, for further monetary policy clues
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