Gold Holds Gains Amid Peace Optimism and Fed Watch
Gold prices remained steady in the morning session on June 17, 2026, as markets reacted to easing geopolitical tensions and awaited signals from the Federal Reserve. Spot gold traded around US$4,329 per ounce, slightly higher from earlier levels.
The precious metal benefited from optimism surrounding a potential interim U.S.-Iran peace agreement, which could reduce Middle East tensions and ease global inflationary pressures. Falling oil prices, due to expectations of increased energy supply, also supported gold’s appeal as a safe-haven asset.
Market participants are closely watching today’s Fed policy announcement, with expectations that the central bank will keep interest rates unchanged. Stable monetary policy provides a supportive environment for gold, although investors remain cautious about potential changes in U.S. Treasury yields and the strength of the dollar.
Investor sentiment is further bolstered by recent surveys indicating that a majority of portfolio managers plan to increase their gold holdings over the next year, supporting a positive medium-term outlook for the metal.
Source : Newsmaker.id
