{"id":7885,"date":"2026-06-18T07:09:24","date_gmt":"2026-06-18T07:09:24","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=7885"},"modified":"2026-06-18T07:09:24","modified_gmt":"2026-06-18T07:09:24","slug":"gold-jumps-as-peace-deal-optimism-counters-hawkish-fed","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=7885","title":{"rendered":"Gold jumps as peace deal optimism counters hawkish Fed"},"content":{"rendered":"

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Gold rose, supported by the signing of an interim peace deal between the US and Iran, even as the Federal Reserve signaled a rate hike later in the year.<\/p>\n

Bullion advanced as much as 1.7% to $4 328 an ounce, erasing the drop in the previous session. US and Iranian officials signed the peace agreement electronically on Wednesday evening but it was unclear if the Strait of Hormuz had yet reopened.<\/p>\n

Oil prices fell, with the pact expected to ease a global energy shock that\u2019s spurred inflation and rate hike bets. However, uncertainty remains over how quickly fuel prices can come down and when transits through the strait can return to pre-war levels.<\/p>\n

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\u201cLower oil still helps at the margin,\u201d said Christopher Wong, a strategist at Oversea-Chinese Banking Corp. \u201cBut the Fed outcome complicates the story and argues for a cautious near-term read on gold even as the medium-term constructive case has not disappeared.\u201d<\/p>\n

The Fed kept interest rates unchanged on Wednesday, saying it would deliver price stability, and removed a reference in its statement to additional rate adjustments. Traders are now fully pricing in a tightening of monetary policy by October. Higher interest rates are a headwind for precious metals, which don\u2019t pay interest.<\/p>\n

For gold, the expectation of a rate hike was \u201calready baked in\u201d even before the latest Fed decision, Ryan Mckay, senior commodity strategist at TD Securities, said in a note. \u201cThe overall tilt remains bearish for the yellow metal,\u201d which suggests it would take a notable shift in the Fed outlook to change the underlying market sentiment in precious metals.<\/p>\n

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Spot gold rose 1.6% to $4 322.83 an ounce as of 9:21 a.m. Singapore time. Silver gained 2.5% to $69.61, after falling 3% in the previous session. Platinum and palladium climbed. The Bloomberg Dollar Spot Index was down 0.2%, after gaining 0.7% in the previous session.<\/p>\n

\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n

#Gold #jumps #peace #deal #optimism #counters #hawkish #Fed<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold rose, supported by the signing of an interim peace deal between the US and Iran, even as the Federal Reserve signaled a rate hike later in the year. Bullion… <\/p>\n","protected":false},"author":1,"featured_media":7886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10113,110,674,158,2082,1313,4095,3824],"class_list":["post-7885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-counters","tag-deal","tag-fed","tag-gold","tag-hawkish","tag-jumps","tag-optimism","tag-peace"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7885"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/7886"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}