Gold prices extended their recovery to trade above the $4,300 per ounce level on June 16. Prices held steady above this threshold the following day as investors awaited the Federal Reserve's interest rate decision. Markets remain focused on upcoming U.S. monetary policy and further developments regarding a potential deal between the U.S. and Iran.
Gold prices broke below the $4,200 support level as hawkish Federal Reserve commentary and geopolitical uncertainty in Iran boosted the US Dollar.
Read the full storyThe precious metal maintained its recent gains as investors weigh upcoming US monetary policy guidance against emerging details of a potential US-Iran agreement.
The precious metal extends its recovery as traders position for the Federal Reserve's next move and potential shifts in Middle East diplomacy.