Gold Climbs as Pause in Mideast Fighting Curbs Inflation Risk

Gold rose around 1.1 percent to near $4,100 an ounce on Monday after the US paused strikes against Iran, easing oil supply and inflation risks. Brent crude fell more than 7 percent initially to below $90 a barrel, though it pared losses after Houthi attacks on Saudi Aramco-linked facilities. Silver jumped 2.7 percent to $59.72, the Bloomberg Dollar Spot Index slipped 0.2 percent, and traders await this week's contentious Federal Reserve rate decision.