{"id":128599,"date":"2026-06-18T10:46:24","date_gmt":"2026-06-18T06:46:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128599"},"modified":"2026-06-18T10:46:27","modified_gmt":"2026-06-18T06:46:27","slug":"gold-bounces-1-1-as-iran-mou-signed-feds-nine-hawkish-officials-and-warshs-inflation-resolve-cap-the-rally","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-bounces-1-1-as-iran-mou-signed-feds-nine-hawkish-officials-and-warshs-inflation-resolve-cap-the-rally\/06\/18\/market-updates\/","title":{"rendered":"Gold Bounces 1.1% as Iran MOU Signed: Fed&#8217;s Nine Hawkish Officials and Warsh&#8217;s Inflation Resolve Cap the Rally"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gold recovers:<\/strong> Spot gold rose 1.1% to $4,304.89 per ounce, rebounding from Wednesday&#8217;s 1.7% decline.<\/li>\n\n\n\n<li><strong>Gold futures slip:<\/strong> U.S. gold futures fell 1.3% to $4,325.97 \u2014 a divergence reflecting futures market positioning ahead of the MOU signing.<\/li>\n\n\n\n<li><strong>Iran MOU details revealed:<\/strong> The 14-point memorandum begins a 60-day negotiation period; toll-free Hormuz passage begins immediately, with full capacity restored within 30 days.<\/li>\n\n\n\n<li><strong>Energy shock fears ease:<\/strong> The accord tempers concerns about a prolonged oil supply disruption, reducing energy-driven inflation fears.<\/li>\n\n\n\n<li><strong>Fed held rates at 3.50%-3.75%:<\/strong> Wednesday&#8217;s decision was as expected, but the hawkish projections surprised markets.<\/li>\n\n\n\n<li><strong>Nine officials see at least one 2026 hike:<\/strong> A marked shift from expectations at the start of the year.<\/li>\n\n\n\n<li><strong>Warsh&#8217;s inflation resolve:<\/strong> In his first meeting as Fed chair, Warsh emphasized the central bank&#8217;s commitment to restoring price stability.<\/li>\n\n\n\n<li><strong>Fed raises inflation forecasts:<\/strong> The upward revisions prompted investors to scale back rate cut expectations and boosted the dollar.<\/li>\n\n\n\n<li><strong>Dollar extends gains:<\/strong> The DXY edged 0.2% higher Thursday after jumping 0.6% post-Fed on Wednesday.<\/li>\n\n\n\n<li><strong>Higher rates cap gold&#8217;s upside:<\/strong> The opportunity cost of holding non-yielding bullion remains elevated; a stronger dollar makes gold pricier for overseas buyers.<\/li>\n\n\n\n<li><strong>Silver rises 1.3%:<\/strong> To $68.78 per ounce.<\/li>\n\n\n\n<li><strong>Platinum gains 1.1%:<\/strong> To $1,759.89 per ounce.<\/li>\n\n\n\n<li><strong>Copper mixed:<\/strong> LME copper fell 0.9% to $13,713.33 per ton; U.S. copper futures rose 0.5%.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices rose on Thursday, recovering from the previous session&#8217;s losses as investors welcomed the signing of a U.S.-Iran interim peace agreement, while weighing the Federal Reserve&#8217;s signal for a rate hike later this year.<\/p>\n\n\n\n<p>Spot gold rose 1.1% to $4,304.89 an ounce by 21:20 ET (01:20 GMT). However, U.S. gold futures slipped 1.3% to $4,325.97.<\/p>\n\n\n\n<p>The yellow metal fell 1.7% in the previous session due to a stronger U.S. dollar and rising Treasury yields following the Fed&#8217;s latest policy decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran MOU Signed: 60 Days to a Final Deal<\/h2>\n\n\n\n<p>Bullion found support from optimism surrounding the U.S.-Iran accord, which is expected to ease tensions in the Middle East and pave the way for the reopening of key energy export routes.<\/p>\n\n\n\n<p>The 14-point memorandum begins a 60-day negotiation period during which Iran will allow toll-free passage through the Strait of Hormuz. The deal calls for traffic through the strait to be restored to its full capacity within 30 days.<\/p>\n\n\n\n<p>The agreement has helped temper fears of a prolonged oil supply shock, reducing concerns about energy-driven inflation and supporting demand for bullion as a portfolio hedge.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fed&#8217;s Hawkish Signals Cap the Rally<\/h2>\n\n\n\n<p>However, gains were capped after the Federal Reserve held interest rates steady at 3.50%-3.75% on Wednesday and signaled that policymakers still see scope for tighter monetary policy later this year.<\/p>\n\n\n\n<p>Updated projections showed that nine of 19 Fed officials expect at least one rate increase in 2026 \u2014 a marked shift from expectations earlier this year.<\/p>\n\n\n\n<p>In his first meeting as Fed chair, Kevin Warsh maintained a firm stance on inflation, emphasizing the central bank&#8217;s commitment to restoring price stability.<\/p>\n\n\n\n<p>The Fed also raised its inflation forecasts, prompting investors to scale back expectations for rate cuts and boosting the dollar.<\/p>\n\n\n\n<p>A stronger greenback typically makes dollar-denominated gold more expensive for overseas buyers, while higher interest rates increase the opportunity cost of holding non-yielding bullion.<\/p>\n\n\n\n<p>The U.S. Dollar Index edged 0.2% higher on Thursday, after jumping 0.6% in the previous session following the Fed announcement.<\/p>\n\n\n\n<p>Among other precious metals, silver prices rose 1.3% to $68.78 per ounce, while platinum gained 1.1% to $1,759.89 per ounce.<\/p>\n\n\n\n<p>Benchmark copper futures on the London Metal Exchange fell 0.9% to $13,713.33 a ton, while U.S. copper futures rose 0.5% to $6.39 per pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold recovers: Spot gold rose 1.1% to $4,304.89 per ounce, rebounding from Wednesday&#8217;s 1.7% decline. Gold futures slip: U.S. gold futures fell 1.3% to $4,325.97 \u2014 a divergence reflecting futures market positioning ahead of the MOU signing. Iran MOU details revealed: The 14-point memorandum begins a 60-day negotiation period; toll-free Hormuz passage begins &hellip;<\/p>\n","protected":false},"author":9,"featured_media":128582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-128599","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=128599"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128599\/revisions"}],"predecessor-version":[{"id":128600,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128599\/revisions\/128600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/128582"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}