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GOLD SLIPS AS US.-IRAN PEACE DEAL COOLS INFLATION FEARS

Published on Jun 17, 2026 15:03

Gold prices edged lower on Wednesday as investors booked profits after a strong four-session rally that lifted bullion more than 2% this week. Sentiment was weighed by expectations of a U.S.-Iran peace agreement that could reopen the Strait of Hormuz and restore oil supplies, easing concerns over energy-driven inflation. International gold futures slipped 0.2% to $4,346 per ounce, while MCX August gold futures fell 0.3% to ₹1,52,628 per 10 grams. Lower oil prices have reduced inflation worries, shifting investor focus to the Federal Reserve�s policy decision later in the day. While rates are widely expected to remain unchanged, markets will closely monitor the Fed�s economic projections and guidance for signals on the future interest-rate outlook. Meanwhile, the Bank of Japan raised its policy rate to 1%, the highest level in 31 years.

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