@secamcommunityminers: Gold climbed toward $4,200 an ounce on Monday, recouping some losses from recent sessions as oil prices fell further following reports that the US and Iran had agreed on a roadmap toward a final peace deal within 60 days. The development helped ease market concerns after both sides recently exchanged threats over the conflict in Lebanon, with Tehran claiming it had once again closed the Strait of Hormuz. However, millions of barrels of crude continued to pass through the waterway over the weekend, while Persian Gulf producers prepared to increase output. Investors also looked ahead to this week’s release of the US PCE price index, the Federal Reserve’s preferred measure of inflation. Last week, the Fed left interest rates unchanged but maintained a more hawkish stance. Nine of the Fed’s 19 policymakers now project at least one rate increase this year, with markets increasingly betting on a hike as early as September. #goldbusiness #gold #goldprice #goldtoday #goldmarket

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Monday 22 June 2026 16:59:43 GMT