Gold prices rose in early Asian trading after the United States and Iran reached a temporary peace agreement, which was seen as potentially helping normalize oil supplies and easing concerns about energy-driven inflation shocks. According to Jin10, gold has fallen more than 20% since late February, when the Middle East conflict broke out, as higher energy prices and supply-chain disruptions fueled expectations of higher interest rates.
The decline weighed on the non-interest-bearing metal, while safe-haven flows also lifted the U.S. dollar, adding further pressure on gold.
Analysts at Australia and New Zealand Banking Group said the war had reinforced structural reasons for investors to increase gold allocations, including geopolitical fragmentation and weakening confidence in bonds as a reliable portfolio diversification tool.
PRECIOUS METALS | Gold Rises in Early Asian Trade After U.S.-Iran Temporary Peace Deal
2026-06-15 01:30:36
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