Gold gains over 1% after US, Iran reach peace deal

Gold gains over 1% after US, Iran reach peace deal

June 15, 2026 / Liam Redmond /


Published Mon, Jun 15, 2026 · 08:26 AM

GOLD prices rose more than 1 per cent on Monday (Jun 15), after US and Iran officials said they had reached a deal to end their conflict, pushing oil prices lower and easing concerns about inflation and higher interest rates.

The US and Iran will sign a memorandum of understanding in Switzerland on Jun 19, said the prime minister of Pakistan, whose country has served as a mediator. Trump said on Jun 14 that the Strait of Hormuz would be open “toll free” and that a US naval blockade of Iranian ports would also end.

Iran’s semi-official Mehr news agency said the draft deal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements. REUTERS

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Liam Redmond

As an editor at The Women's Reporter, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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