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fxJun 16, 2026, 12:08 PM

Gold Extends Recovery Above $4,300 as Fed, US-Iran Deal in Focus

Gold (XAU/USD) holds above $4,300 on Tuesday, extending its recovery ahead of the Federal Reserve decision and amid awaiting further details on the US-Iran peace framework. The precious metal trades around $4,340, up 0.70% on the day.

XAUUSD

Gold (XAU/USD) continues its recovery, trading above the $4,300 mark on Tuesday. The precious metal is currently at $4,340, gaining 0.70% on the day.

Market participants are closely watching two key events: the upcoming Federal Reserve decision and developments in the US-Iran peace framework. The potential for a US-Iran deal has drawn attention as it could impact geopolitical risk sentiment and demand for safe-haven assets.

No further details on the peace framework have been released yet, leaving traders cautious.

Source: FXStreet Forex News