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Economics10d 14h ago
Gold prices rose more than 1 per cent on Tuesday as expectations of an interest rate hike from the US Federal Reserve this year eased, following an interim US-Iran peace deal that sent oil prices and inflation fears lower.
Strait of Hormuz
Who
US President Donald Trump, David Meger, Kevin Warsh
What
Gold prices rose more than 1 per cent on Tuesday as expectations of an interest rate hike from the US Federal Reserve this year eased, following an interim US-Iran peace deal that sent oil prices and inflation fears lower.
When
Tue, 16 Jun 2026 15:05:39 GMT · 10d 14h ago
Where
Strait of Hormuz ·
Why
Gold prices rose due to an interim US-Iran peace deal easing pressure on oil prices and reducing expectations of a Federal Reserve rate hike.
The Frontline Impact
How this affects you
The interim US-Iran peace deal reduced oil prices and lessened fears of inflation, causing a rally in gold prices and decreasing the likelihood of a Federal Reserve interest rate hike.
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