Singapore, 15 June 2026 – Gold prices climbed after the United States and Iran reached a preliminary peace agreement, as falling oil prices, a softer US dollar and easing inflation concerns revived demand for the precious metal.
Spot gold rose about 2% to around US$4,304 per ounce, extending gains as investors reassessed the outlook for energy prices, inflation and US interest rates. The move came after Washington and Tehran agreed to a deal aimed at ending their conflict, lifting the US blockade on Iran and reopening the Strait of Hormuz.
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