Gold remains flat as investors weigh Fed, US-Iran developments

18/06/2026 02:36 AST

Gold prices were little changed on Wednesday, with market participants focused on the Federal Reserve's first policy decision under new chair Kevin Warsh and details of the US-Iran peace agreement.

Spot gold was little changed at $4,323.50 per ounce by 0852 GMT, after gaining in the previous four sessions. US gold futures were down 0.3 percent at $4,342.40.

HIGHLIGHTS
 Spot gold was little changed at $4,323.50 per ounce by 0852 GMT, after gaining in the previous four sessions.

 US gold futures were down 0.3 percent at $4,342.40.

 Spot gold climbed to a one-week high on Monday after the US-Iran deal was announced.

"With ?Kevin Warsh taking his seat at the helm for the first time, investors will be watching closely how he interprets recent market developments," Saxo Bank analyst Ole

Hansen said. Spot gold climbed to a one-week high on Monday after the US-Iran deal was announced, ?rebounding from the near six-month low it hit last week.

Higher energy prices, which fuel inflation concerns and expectations of rate hikes, had weighed on gold, as the metal becomes less attractive in a high-interest-rate environment since it offers no yield. Spot silver fell 0.8 percent to $69.59 per ounce, platinum lost 1.1 percent to $1,784.85 and palladium was down 0.6 percent at $1,344.21.


Reuters

Most Viewed Companies

Ticker Price Volume

Precious Metal Quotes

(In US Dollar) Change Change(%)
Gold 4,215.28 0.06 0
Silver 68.05 0.48 0.71
Platinum 1,711.5 44 2.64
Palladium 1,295.5 51 4.1

Recent News

Central bank gold appetite hits record as Middle East risks sharpen focus

17/06/2026

Gold is becoming an increasingly deliberate component of central bank reserve strategies as geopolitical tensions, concerns over the concentration of assets in the US dollar, and questions surroundin

Arab News

Dubai gold prices jump Dh13 in one day as 24-karat returns above Dh520

16/06/2026

Gold prices in Dubai jumped on Monday, reversing last week's drop and pushing retail rates back near the levels seen earlier this month.

The 24-karat variety stood at Dh521.75 a gram at 1 pm

Gulfnews

Dubai gold prices jump over Dh13 per gram after US-Iran peace deal

15/06/2026

Gold prices jumped in Dubai on Monday morning as oil prices slumped after the US and Iran reached a peace deal.

The 24K gold price rose Dh13.75 to Dh521.75 per gram at the market opening on

Khaleej Times

Gold prices continue to lose shine, 24K slips below Dh500 per gram in Dubai

11/06/2026

Gold prices fell further in Dubai on Thursday as 24K slipped below Dh500 per gram.

In the UAE, 24K gold price dropped to Dh491.75 at the market opening on Thursday, losing more than Dh55 per

Khaleej Times

Saudi Industry Minister Reviews Gold Processing Technologies at Tau-Ken Altyn Refinery in Kazakhstan

11/06/2026

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited the gold refinery operated by Tau-Ken Altyn in Kazakhstan's capital, Astana, on Tuesday.

The minister reviewed the

Asharq Al Awsat

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap