Singapore, 18 June 2026 – Gold prices climbed more than 1% on Thursday as oil prices fell after an interim agreement between the United States and Iran eased inflation concerns and revived demand for bullion, although expectations of a more hawkish US Federal Reserve continued to limit the metal’s upside.
Spot gold rose 1.4% to US$4,316.42 per ounce, recovering from a 1.7% decline in the previous session. The rebound came as traders unwound short positions after oil prices dropped on news of a 14-point US-Iran pact that extends a ceasefire by 60 days and opens a window for further negotiations.
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