Mitsubishi UFJ analyst Soojin Kim said gold fell as markets shifted focus to cooling inflation expectations and prospects of resumed US‑Iran peace talks. "With geopolitical risk premia continuing to fade and energy‑driven inflation expectations improving, gold may remain under pressure," she added. The sides had exchanged fire earlier but subsequently agreed to halt hostilities.

2026-06-29

Mitsubishi UFJ analyst Soojin Kim said gold fell as markets shifted focus to cooling inflation expectations and prospects of resumed US‑Iran peace talks. "With geopolitical risk premia continuing to fade and energy‑driven inflation expectations improving, gold may remain under pressure," she added. The sides had exchanged fire earlier but subsequently agreed to halt hostilities.