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Gold rebounds from one-week low as Iran cites progress in peace talks

Gold rose more than 1% on Monday following reports of progress in peace talks between Iran and the US. Prices previously hit a low of over one week. Market movement is tied to Federal Reserve interest rate expectations and US economic data.

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Gold recovered from a one-week low on Monday after Iran claimed progress in peace negotiations.

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  1. Gold prices rebound as Iran reports peace talk progress

    Gold rose more than 1% on Monday following reports of progress in peace talks between Iran and the US. Prices previously hit a low of over one week. Market movement is tied to Federal Reserve interest rate expectations and US economic data.

    What's confirmed:

    • Gold prices rose over 1% on Monday.
    • Gold hit a low of more than one week in the session prior to Monday.

    Still unconfirmed:

    • Brent crude oil prices fell after Iran claimed progress in peace talks.
    • Gold prices surged on Friday due to a disappointing U.S. jobs report.
    • Gold rates for 22K jewellery increased in major Indian cities on July 2, 2026.
    • Gold fell near $4,000 after US-Iran strikes renewed inflation fears.
    • Central banks remain a key demand driver for gold.
    confidence 70%

  2. Gold Rebounds Above $4,200 Amid US-Iran Peace Talk Progress

    Spot gold rose above $4,200/oz on Monday, breaking a three-session decline. Gains are limited by a strengthening US dollar and expectations of Federal Reserve interest rate hikes. Investors are monitoring peace negotiations and inflation data.

    What's confirmed:

    • Spot gold rebounded above $4,200/oz in early U.S. trading.
    • Gold prices rose on Monday to end a three-session losing streak.
    • Pakistan and Qatar acted as mediators in technical-level discussions in Switzerland between the U.S. and Iran.
    • The US dollar has gained more than 1% since the last central bank meeting.

    Still unconfirmed:

    • Crucial talks between the United States and Iran are set to resume next Tuesday.
    • A potential peace deal in West Asia could be reached within 60 days.
    • Gold is poised for its fourth consecutive weekly decline.
    confidence 90%

  3. Gold Rebounds From One-Week Low Amid U.S.-Iran Peace Progress

    Gold prices rose on Monday, ending a three-session losing streak. The recovery followed reports of progress in peace talks between U.S. and Iranian officials in Switzerland. However, hawkish signals from the U.S. Federal Reserve continue to limit gains.

    What's confirmed:

    • Gold rebounded from a more than one-week low on Monday.
    • The first round of talks between high-ranking U.S. and Iranian officials in Switzerland ended on Monday.
    • The U.S. Federal Reserve indicated future interest rate hikes.
    • Gold was on track for its third straight weekly loss.
    • Spot gold fell to its lowest level since June 11 on Friday.

    Still unconfirmed:

    • Spot gold was up 0.8% at $4,194.99 per ounce as of 0608 GMT.
    • Spot gold was up 0.9% at $4,197.41 per ounce as of 0238 GMT.
    • U.S. gold futures for August delivery fell 0.8% to $4,213.10.
    • Gold prices surged over 1% due to easing U.S.-Iran tensions.
    confidence 90%