Gold spot prices rose over 2.5% on June 15, 2026. The metal traded near $4,330 per ounce following the surge.
A peace agreement between the United States and Iran triggered the rally. This diplomatic breakthrough caused a sharp drop in oil prices. Lower energy costs eased market concerns regarding rising inflation.
Investors are monitoring the Federal Open Market Committee meeting scheduled for June 16-17. Newly appointed Fed Chair Kevin Warsh will lead the proceedings for the first time.
Anticipation of a monetary policy shift is driving institutional investors toward safe-haven assets. This upward pressure follows a multi-week price correction.