en.Wedoany.com Reported - The international precious metals market saw a sharp rally in early trading on June 15, 2026, with spot gold prices surging nearly 2% to $4,307.39 per ounce, hitting a one-week high. During the session, it briefly broke through the key $4,300 mark, rising over 2%. Earlier, spot gold had successively breached the $4,270, $4,280, and $4,290 levels. New York gold futures also strengthened, rising 1% intraday to $4,294.12 per ounce; spot silver rose 2.43% intraday to $69.628 per ounce.
The direct trigger for this strong rebound in international gold prices was an unexpected easing of geopolitical tensions in the Middle East. According to Xinhua News Agency, U.S. President Donald Trump posted on social media on June 14, stating that the agreement between the U.S. and Iran is "now complete," that he "authorizes" the "free passage" of the Strait of Hormuz, and has ordered the U.S. Navy to immediately lift the maritime blockade on Iranian ports. According to a report by Iran's Tasnim News Agency early on June 15, Iranian Deputy Foreign Minister Gharibabadi confirmed that the text of the U.S.-Iran Memorandum of Understanding has been finalized, and the formal signing ceremony for the "Islamabad Memorandum" will be held in Switzerland on June 19. Gharibabadi stated that as of early June 15, the U.S. maritime blockade of Iran has ended, and military operations on all fronts will "cease immediately and permanently." Iran's Supreme National Security Council issued a statement early that day, formally confirming the conclusion of the U.S.-Iran ceasefire Memorandum of Understanding.
The dissipation of geopolitical risks quickly transmitted to the commodity markets, causing a sharp drop in international oil prices. As of press time, WTI crude oil fell over 4% intraday to $81.258 per barrel, with intraday losses once widening to 5%; Brent crude oil futures prices also fell sharply. Analysts pointed out that the decline in oil prices alleviated market concerns about inflation and interest rate hikes, leading to a simultaneous weakening of the U.S. dollar and U.S. Treasury yields, providing strong support for precious metals. Meanwhile, U.S. stock futures rose across the board, with Nasdaq futures gaining nearly 400 points, up 1.3%; multiple cryptocurrencies in the crypto market rallied collectively, with Bitcoin prices breaking above $65,000.
Market participants cautioned that while the easing of geopolitical tensions has boosted precious metal prices in the short term, whether the U.S.-Iran agreement can be successfully signed and the status of passage through the Strait of Hormuz remain key variables affecting the precious metals market this week. From a medium- to long-term perspective, structural supporting factors such as rising global sovereign credit risks, geopolitical polarization, and the deepening de-dollarization process remain solid.
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