Gold prices advanced to a one-week high of USD 4,344.77 per ounce in London on June 15, 2026, following an agreement between Iran and the United States to end their trade disputes that eased market expectations for an interest rate hike, according to Qatar News Agency. US gold futures rose 3 percent to USD 4,366.80 per ounce while the spot price marked its highest level since June 9.
Qatar News Agency reported that the advance represented the third consecutive session of gains for the precious metal. The one-week high comes after a period of correction that saw the metal drop from highs near USD 5,589 per ounce reached in January 2026, according to separate market assessments. With the Iran-US agreement now in place, expectations for aggressive interest rate hikes have diminished according to the report. The metal’s performance this year has been shaped by a combination of such geopolitical developments and macroeconomic signals.
In addition to gold, other precious metals registered notable increases on the same day. According to data from Qatar News Agency, spot silver surged 4.6 percent to USD 70.07 per ounce. Platinum posted an identical 4.6 percent gain, reaching USD 1,796.45 per ounce, while palladium advanced 5.1 percent to USD 1,348.30 per ounce. The uniform upward movement across the complex reflected responses to the same trade news.
J.P. Morgan Global Research has projected that gold prices will average $6,000 per ounce by the final quarter of 2026. This outlook builds on the metal’s resilience despite volatility observed throughout the year. Prices had fallen to an intra-year floor of around $4,170 per ounce before the recent recovery phase, according to trading reports from early June. Central bank buying has been cited as a consistent source of support by multiple analysts in 2026 outlooks.
Goldman Sachs Research anticipated in late 2025 that gold could reach $4,000 by the middle of 2026 on the back of structural demand and potential Federal Reserve easing. Morgan Stanley lifted its forecast for the end of 2026 to $4,400 per ounce in a late 2025 revision. These projections highlight the range of expectations among financial institutions monitoring the sector. The latest price action aligns with levels near the 200-day moving average around $4,340 per ounce.
The London spot market remains a primary reference point for global gold pricing. Activity there on June 15 reflected responses to the geopolitical and economic news from the Iran-US front. Qatar News Agency noted the futures gain on US exchanges as evidence of widespread market participation. No immediate follow-up announcements on further trade details appeared in the initial reporting.
