Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom | HappeningNow.news

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Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom

Gold edged up 1% to $4,525/oz Monday as Trump reported Lebanon ceasefire progress, while Iran suspended U.S. talks and traders eye Friday's NFP for Fed rate clues.

Source Summary Published June 2, 2026 Brief Under 1 min brief
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Gold steadied and clawed back earlier losses Monday, trading up 1.08% to $4,525.34 per ounce as diplomatic signals out of the Middle East offered tentative relief, even as the broader picture remained anything but settled. Spot silver also gained, rising 1.59% to $76.17/oz, tracking gold's modest recovery. The session's tone was set by competing headlines from Washington and Tehran.

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