Gold Dips Below $4,000 as Trump’s Iran Deal Clarity Accelerates De-Escalation Selloff
2026-06-24 14:05:38
Spot gold traded at $3,972 per ounce at 9:05 a.m. ET on June 24, 2026, marking its first sustained move below $4,000 since November 2025, according to BeInCrypto, after President Donald Trump posted on Truth Social clarifying terms of the U.S.-Iran framework agreement. Trump said there would be no tolls or charges on Strait of Hormuz shipping during a 60-day negotiation window and that Iranian funds would be released in a controlled way solely for U.S. agricultural purchases. Gold has fallen about 29% from its January 2026 high of $5,608; silver traded below $60.
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