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    • Gold Prices Hold Steady Amid US-Iran Talks and Fed Rate Hike Expectations

    By on June 23, 2026
    Gold
    Gold

    Gold Prices Hold Steady as Markets Assess US-Iran Talks and Fed Outlook

    Singapore:  Gold prices were little changed today as investors assessed developments related to efforts to end the conflict between the United States and Iran, while expectations of a Federal Reserve interest rate hike continued to weigh on market sentiment.

    Spot gold traded at $4,191.09 per ounce, while US gold futures for August delivery rose 0.2 percent to $4,208.40 per ounce.

    Market participants increased their expectations for a US interest rate hike in December. According to the CME FedWatch Tool, traders now see an 89 percent probability of a rate increase, compared to 61 percent before last week’s Federal Reserve meeting.

    Among other precious metals, spot silver fell by nearly 3 percent to $63.21 per ounce.

    Platinum declined 0.4 percent to $1,672.90 per ounce, while palladium edged up 0.1 percent to $1,266.35 per ounce.

    Investors continue to monitor geopolitical developments and monetary policy expectations, both of which remain key factors influencing precious metals markets.

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