Gold starts week under pressure as US-Iran stalemate and strong Dollar cap XAU/USD

Gold (XAU/USD) kicks off the week with a negative bias as slow progress toward a US-Iran ceasefire extension deal and fresh attacks in the Middle East keep buyers cautious. At the time of writing, XAU/USD is trading around $4,500 after hitting a two-week high near $4,595 on Friday.
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Euro: CPI path cushions downside against dollar – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects Eurozone May Consumer Price Index (CPI) to remain close to the European Central Bank's (ECB) baseline projections, with risks skewed slightly lower after softer German data. Markets have nearly fully priced a 25 bps hike to 2.25% on June 11.
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