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53· Steady
Economics1d 2h ago
Gold climbed 1 per cent on June 18, recouping some losses, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and provided support.
US, Iran, Middle East
Who
US Federal Reserve, US, Iran, Kelvin Wong (OANDA senior market analyst), Kevin Warsh (Fed chair)
What
Gold climbed 1 per cent on June 18, recouping some losses, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and provided support.
When
Thu, 18 Jun 2026 08:40:00 GMT · 1d 2h ago
Where
US, Iran, Middle East ·
Why
The US-Iran interim agreement caused oil prices to fall, which dampened inflation expectations and provided support for gold, while the US Federal Reserve's hawkish signals on a potential rate hike later in 2026 also influenced market movements.
The Frontline Impact
How this affects you
The interim peace deal between the US and Iran has led to a drop in oil prices, easing inflation concerns and supporting gold, while the US Federal Reserve's signals of a potential interest rate hike in 2026 are creating market uncertainty for precious metals.
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