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War & Conflict3h 22m ago
International gold prices have retreated more than 25% from their peak of $5,586 earlier this year, potentially leading to its weakest annual performance since 2013.
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West Asia
Who
United States, Israel, Iran, Morgan Stanley, Tata Mutual Fund, Vishnu Kant Upadhyay, Donald Trump
What
International gold prices have retreated more than 25% from their peak of $5,586 earlier this year, potentially leading to its weakest annual performance since 2013.
When
Sat, 13 Jun 2026 09:28:21 GMT · 3h 22m ago
Where
West Asia ·
Why
Peace negotiations involving the United States, Israel, and Iran have remained stalled for more than 100 days, and crude oil prices are hovering near $90 per barrel, fueling inflation worries.
The Frontline Impact
How this affects you
The significant drop in gold prices, despite intensifying geopolitical risks, challenges conventional market wisdom and indicates a shift in investor focus towards interest-bearing assets due to prolonged high interest rates. Continued volatility is expected, with potential for further declines if the US-Iran conflict escalates or oil prices remain high.
Story chain
22 events in this thread- War & Conflict24m agoThe United States and Iran have agreed on a framework for a peace deal after more than three months of war and are expected to sign the initial deal in the next 24 hours.Open article
- War & Conflict24m agoPakistan announced that the United States and Iran are expected to sign an initial peace deal within the next 24 hours to end more than three months of war, with negotiations over Iran's nuclear program to follow.Open article
- War & Conflict46m agoThe war between the US and Iran has extended into its 15th week, marked by 5,034 strike events across 12 countries and a fragile ceasefire, with Donald Trump claiming a deal is 'near' for the 39th time.Open article
- War & Conflict46m agoThe war between the US and Iran has crossed its 15th week, involving over 5,000 strike events across 12 countries.Open article
- War & Conflict47m agoIran has 'collapsed tunnels' and 'booby-trapped' entrances with explosive mines at sites believed to hold its uranium stockpile, making access more difficult.Open article
- War & Conflict47m agoIran has in recent weeks "collapsed tunnels" leading to its uranium stockpile and "booby-trapped" entrances with explosive mines, making access significantly more difficult.Open article
- War & Conflict47m agoIran has recently "collapsed tunnels" and "booby-trapped" entrances with explosive mines at sites believed to contain its uranium stockpile.Open article
- War & Conflict1h 19m agoThe United States and Iran appear close to a deal to end their war and reopen the Strait of Hormuz, with mediators working to finalize an agreement.Open article
- War & Conflict1h 19m agoThe United States and Iran appear close to a deal to end their war and reopen the Strait of Hormuz.Open article
- War & Conflict1h 49m agoAbolfazl Pasandideh stated that Iran's presence in the United States for the World Cup should be interpreted as a gesture of goodwill amid ongoing talks to end conflict.Open article
- War & Conflict1h 49m agoIran's envoy to Mexico, Abolfazl Pasandideh, views the national team's participation in the World Cup in the United States as a signal of Tehran's desire for peace amid ongoing diplomatic efforts.Open article
- War & Conflict1h 49m agoAbolfazl Pasandideh stated that Iran's decision to send its national team to compete on U.S. soil for the World Cup is a gesture of goodwill amid ongoing talks to end the conflict.Open article
- War & Conflict2h 21m agoThe United States and Iran signaled that an agreement to end their war was close, with a senior US administration official saying both sides had agreed on a text and that Washington expects to sign an initial deal in the coming days.Open article
- War & Conflict2h 21m agoThe United States and Iran signaled that an agreement to end their war was close, with US forces shooting down multiple Iranian drones near the Strait of Hormuz hours after an Iranian official said his country had emerged stronger from the conflict.Open article
- War & Conflict2h 21m agoThe United States and Iran signaled that an agreement to end their war was close, with a senior US administration official stating both sides had agreed on a text for an initial deal.Open article
- Currently Reading3h 22m agoInternational gold prices have retreated more than 25% from their peak of $5,586 earlier this year, potentially leading to its weakest annual performance since 2013.
- War & Conflict3h 31m agoIranian Foreign Minister Abbas Araghchi stated that Iran will use military assets to control the Strait of Hormuz if necessary, following the establishment of a new legal regime.Open article
- War & Conflict4h 30m agoUS President Donald Trump has paused a plan by the military to forcibly seize Iran’s enriched uranium.Open article
- War & Conflict4h 56m agoThe United States and Iran signaled on Friday, June 12, that an agreement to end their war was close, but hours later, US forces shot down multiple Iranian one-way attack drones heading toward the Strait of Hormuz.Open article
- War & Conflict4h 56m agoThe United States and Iran signaled on Friday, June 12, that an agreement to end their war was close, but hours later US forces shot down multiple Iranian one-way attack drones heading toward the Strait of Hormuz.Open article
- War & Conflict6h 22m agoThe United States and Iran appear closer than at any point since February to reaching an agreement on issues ranging from sanctions relief to the future of Tehran’s nuclear programme and the reopening of the Strait of Hormuz.Open article
- War & Conflict6h 22m agoThe United States and Iran are reportedly close to an agreement to end months of conflict, reopen the Strait of Hormuz, and launch fresh nuclear negotiations.Open article
Verified Sources & Citations
- HIGHFirstposthttps://www.firstpost.com/explainers/what-could-the-iran-us-deal-look-like-and-the-challenges-ahead-14021982.html
- HIGHRapplerhttps://www.rappler.com/world/middle-east/iran-war-updates-june-13-2026/
- HIGHMiddle East Monitorhttps://www.middleeastmonitor.com/20260613-trump-halts-us-militarys-plan-to-forcibly-seize-irans-uranium-report/
- HIGHSputnik Newshttps://sputnikglobe.com/20260613/military-force-may-be-used-to-secure-strait-of-hormuz-if-necessary---iranian-fm-1124305850.html
- HIGHTimes Nowhttps://www.timesnownews.com/business-economy/personal-finance/gold-may-deliver-its-worst-year-in-13-amid-iran-war-should-investors-worry-article-154594806
- HIGHLBChttps://www.lbc.co.uk/article/iran-peace-us-hormuz-5HjdbYD_2/
- HIGHPOLITICOhttps://www.politico.com/news/2026/06/13/iranian-ambassador-mexico-world-cup-00961264
- HIGHThe Atlanta Journal-Constitutionhttps://www.ajc.com/news/2026/06/what-we-know-about-a-possible-deal-to-end-the-iran-war/
- HIGHHindustan Timeshttps://www.hindustantimes.com/world-news/iran-booby-traps-uranium-sites-lays-mines-as-us-seeks-handover-in-peace-deal-report-101781350427165.html
- HIGHNDTV.comhttps://www.ndtv.com/world-news/us-iran-war-15-weeks-5-000-strikes-how-us-iran-war-spiralled-across-middle-east-11631934
- HIGHThe Canberra Timeshttps://www.canberratimes.com.au/story/9291437/us-iran-deal-to-be-signed-within-24-hours-pakistan/