Gold up 0.7% near $4,465 after Israel and Lebanon ceasefire

Lorie Logan hints rate hikes possible

Even with this rise, gold is still 16% below its pre-conflict levels. Silver also edged up by 0.5%, and platinum and palladium saw gains too.
With the dollar slipping slightly and oil prices reacting to Middle East tensions, central banks remain cautious: Dallas Fed President Lorie Logan even hinted that interest rate hikes might still be needed to keep inflation under control.