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Economics2h 24m ago

Gold rose 2% on Monday after U.S. and Iran officials said they had reached a preliminary deal to end their conflict.

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Switzerland

Who
U.S. and Iran officials, Pakistani Prime Minister Shehbaz Sharif, Tim Waterer, Noel John
What
Gold rose 2% on Monday after U.S. and Iran officials said they had reached a preliminary deal to end their conflict.
When
Mon, 15 Jun 2026 01:39:37 GMT · 2h 24m ago
Where
Switzerland ·
Why
U.S. and Iran officials agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz.
The Frontline Impact

How this affects you

The peace deal between the U.S. and Iran, expected to be signed in Switzerland, has led to a 2% rise in gold prices and a drop in oil prices, easing concerns about inflation and potentially altering expectations for U.S. interest rate hikes.

Story chain

24 events in this thread
  1. Economics20m ago
    A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased external risks facing South Korea's economy, as announced on Monday, June 15.
    Open article
  2. Economics20m ago
    A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased one of the biggest external risks facing South Korea's economy.
    Open article
  3. Economics42m ago
    Markets in Asia surged after the U.S. and Iran agreed on a tentative peace deal.
    Open article
  4. Economics1h 24m ago
    Australian share market rocketed to an eight-week high and oil prices plunged on news that the US and Iran have reached a peace deal.
    Open article
  5. Economics1h 24m ago
    The Australian share market has rocketed to an eight-week high and oil prices are plunging on news that the US and Iran have reached a peace deal.
    Open article
  6. Economics1h 46m ago
    US President Donald Trump said a deal to end the conflict with Iran was 'now complete', which would cease an economically damaging US naval blockade of Iranian ports and lead to Tehran reopening the Strait of Hormuz by Friday.
    Open article
  7. Economics1h 47m ago
    The over three-month-long war between the United States (US) and Iran is all set to end, with President Donald Trump announcing a finalised peace agreement and Iran confirming a signing date of June 19.
    Open article
  8. Economics1h 47m ago
    The over three-month-long war between the United States (US) and Iran is all set to end, with President Donald Trump announcing a finalised peace agreement.
    Open article
  9. Economics1h 47m ago
    The United States and Iran have reached a peace deal to end their over three-month-long war, with President Donald Trump announcing on Truth Social that the agreement has been finalized.
    Open article
  10. Economics1h 47m ago
    The United States and Iran have reached a peace agreement to end their over three-month-long war, with the deal expected to be signed on June 19.
    Open article
  11. Economics1h 51m ago
    The United States and Iran have reached an initial agreement to end the war and reopen the Strait of Hormuz, which could allow desperately needed oil and gas to reach the global market.
    Open article
  12. Economics1h 51m ago
    The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war.
    Open article
  13. Currently Reading2h 24m ago
    Gold rose 2% on Monday after U.S. and Iran officials said they had reached a preliminary deal to end their conflict.
  14. Economics2h 26m ago
    Copper rallied and mining equities surged as traders weighed the prospect of a deal to end the Iran war.
    Open article
  15. Economics2h 58m ago
    The US and Iran announced a deal to reopen the Strait of Hormuz on Sunday.
    Open article
  16. Economics2h 58m ago
    The US and Iran have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and halting a war that killed thousands of people and roiled the global economy.
    Open article
  17. Economics2h 58m ago
    The US and Iran have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and halting a war.
    Open article
  18. Economics3h 12m ago
    Markets globally surged and oil prices plummeted on Monday after a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes.
    Open article
  19. Economics3h 12m ago
    Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes.
    Open article
  20. Economics5h 26m ago
    The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, which could bring relief to the global economy.
    Open article
  21. Economics5h 38m ago
    The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, which is expected to bring relief to the global economy.
    Open article
  22. Economics5h 59m ago
    The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy.
    Open article
  23. Economics5h 59m ago
    The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz.
    Open article
  24. Economics6h 35m ago
    Pakistan announced that the United States and Iran have reached an agreement to end the war and open the Strait of Hormuz.
    Open article

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