Gold Steady Amid Hopes for US-Iran Peace
Gold prices held steady on Tuesday (June 23, 2026) during the Asian session, after strengthening by almost 1% in the previous session. Spot gold hovered around US$4,190 per troy ounce, attempting to maintain its recovery after halting three consecutive days of declines. This movement occurred as the market monitored initial progress in peace talks between the United States and Iran, including plans to open a communication line to maintain shipping security in the Strait of Hormuz.
Although geopolitical sentiment has begun to ease, gold still faces pressure from a strengthening US dollar and the Federal Reserve's hawkish stance. Market participants believe gold's upside potential remains limited as long as expectations of high interest rates remain strong. Going forward, gold's direction will depend on the continuation of US-Iran negotiations, oil price movements, and the strength of the US dollar. (asd)
Gold Price at the Time of This Analysis' Release: $4,191
- Buy if the price moves to $4,198
- Sell if the price moves to $4,182
Resistance 2: $4,220
Resistance 1: $4,204
Support 1: $4,172
Support 2: $4,156
Note: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id
