Spot gold prices rose above $4,344 per ounce, rebounding more than 8% from last week's low, as tensions involving Iran eased and central bank demand hit a record high.

On the afternoon of June 16, according to Iranian media reports cited by Xinhua News Agency, Iranian Foreign Minister Araghchi stated that a new round of negotiations between Iran and the United States may take place in Switzerland on June 19.

China Securities Journal17:53

Is the worst behind for gold? Barclays urges 'buying the dip,' while Citi raises its price target.

Barclays and Citi turned bullish on the same day! Gold has undergone a 25% deep correction, a U.S.-Iran memorandum of understanding is imminent, oil price expectations have fully reversed, and inflationary headwinds are fading. Citi raised its three-month target to $4,500 and sees prices reaching $5,000 in six to twelve months; Barclays asserts this round represents a 'price reset,' not the end of the bull market.

wallstreetcn16:27 · Ratings

Express News | Trump: The Strait of Hormuz will be fully open by Friday

Breakings20:28

Vance confidently stated: 'The United States holds the upper hand in subsequent negotiations!'

Following the preliminary ceasefire and verification framework agreement between the United States and Iran, U.S. Vice President Vance stated that although numerous technical details still need to be finalized before full implementation, the United States holds a position of clear advantage in subsequent negotiations.

Golden10 Data17:56

World Gold Council: Global central banks' gold-buying appetite hits a record high—will the gold price pullback open a new buying window?

According to the latest survey by the World Gold Council, 45% of the 74 central banks surveyed plan to increase their gold holdings over the next 12 months—the highest proportion on record—while 89% expect global central bank gold reserves to continue expanding. Structural forces, including leadership from emerging markets, dominance of local-currency gold purchases, and growing skepticism toward the U.S. dollar’s reserve status, are converging, and the recent pullback in gold prices may be creating a new strategic buying window.

wallstreetcn17:49

Drawing ever closer, yet still failing to materialize! Morgan Stanley: The probability of a U.S.-Iran deal falling through is as high as 70%.

The U.S.-Iran conflict appears to be just one step away from resolution but continues to elude a final conclusion. A recent JPMorgan report warns that negotiations remain stuck in a state of 'perpetually approaching but never signing,' with only a 10% probability of an actual agreement being reached.

wallstreetcn17:02