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

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

Market bullish sentiment has improved, with the technology sector and cyclical stocks jointly driving a rebound.

Track the entire lifecycle of the mainline sector.

cls.cn09:15

Express News | U.S. Senior Official: U.S. and Iran Have Signed a Memorandum of Understanding

BreakingsJun 15 23:45