Gold extends gains after US, Iran reach peace deal

CAPITALS, (UrduPoint / Pakistan Point News / WAM - 16th Jun, 2026) Gold rose more than 2% on Monday after US and Iran officials said they had reached an initial agreement to end their war.

By 0536 GMT the spot gold price had risen 2.5%, to $4,323.29 an ounce, its highest since June 9, and extended gains for a 3rd straight session. US Gold Futures for August Delivery rose 2.5% at $4,343.80.