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Asia Markets Temper US-Iran Deal Optimism as Oil Prices Plunge
Traders cut the odds of a December rate hike to 48% as higher borrowing costs and Treasury yields weighed on bullion, the CME FedWatch tool said.
- Gold prices held near six-month lows on Wednesday as steady U.S. Treasury yields and a firm U.S. dollar capped gains, with Federal Reserve tightening bets limiting the non-yielding metal's upside.
- U.S. and Iranian officials agreed on a framework Sunday to end their conflict and reopen the Strait of Hormuz, a deal President Donald Trump declared complete Monday.
- During the Federal Reserve's June 16-17 meeting, chaired by Chairman Kevin Warsh, traders pared back December rate hike expectations to 58% from 70% following the diplomatic news.
- Oil prices fell sharply following the peace announcement, while the Nikkei 225 hit a record peak above 70,000, reflecting investor relief as the Strait of Hormuz begins to reopen.
- Market analysts warn the agreement's durability remains untested, with Iran's nuclear program and other sticking points left for future negotiations, meaning gold's trajectory depends on this breakthrough's sustainability.
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The Japanese leading index is approaching its record of 70,000 points from the beginning of the week. However, markets are not driven by impulses from Asia.
·Düsseldorf, Germany
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Gold steady, silver falls on MCX as investors await details of US-Iran peace deal | Check city-wise rates
Rates of precious metals in futures traded mixed on Tuesday, June 16, 2026, as traders and investors awaited further details on the US-Iran peace deal. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a minor drop of Rs 25 or 1.11 per cent at Rs 1,52,891 per 10 grams against the previous close of Rs 1,52,916. It fell a bit further to touch an intraday low of Rs 1,52,827, a drop of Rs 89. However, it gained momentum am…
·India
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Coverage Details
Total News Sources57
Leaning Left5Leaning Right14Center6Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 20%
C 24%
R 56%
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