Gold Prices Rebound After 3-Day Decline, Easing US-Iran Tensions Boost Market

International gold prices have risen, halting a three-day consecutive decline. Expectations of easing tensions between the United States and Iran have influenced gold prices. According to CNBC on the 22nd local time, gold prices rebounded Monday morning, ending a three-day losing streak. News of progress in U.S.-Iran negotiations partially boosted gold prices, though signals of the Fed's tightening monetary policy acted as a dampener on investor sentiment.

The U.S. central bank (Fed) maintaining a more hawkish stance than anticipated put pressure on gold prices, leading to market adjustments. Gold, being a non-interest-bearing asset, loses investment appeal when interest rates are high or the possibility of further rate hikes increases.

Spot gold prices rose 1.2% to $4,208.58 per ounce at 10:03 AM GMT. U.S. gold futures for August delivery recorded $4,226.90 per ounce. Reports of follow-up talks between the U.S. and Iran also put upward pressure on international oil prices. These shifts in international affairs have contributed to increased volatility in international gold prices. CNBC reported that as of 9:51 AM Eastern Time on the 22nd, gold prices had fallen 0.62% to $4,219.40 per ounce, while silver prices rose 0.56% to $66.675.

As of 12:00 AM on June 23, 2026, according to the Korea Gold Exchange, the price for pure gold (24k, 3.75g) was 909,000 won for purchase and 756,000 won for sale. 18K gold traded at 555,700 won for sale, and 14K gold at 431,000 won. Platinum prices were 362,000 won for purchase and 294,000 won for sale, while silver prices were 13,630 won for purchase and 11,520 won for sale.