Gold traders are nervously waiting to see if a peace deal between the US and Iran can spark a much-needed turnaround in the gold price as new headwinds loom.

Gold prices surged over 1% as U.S. and Iranian officials announced a peace deal to end their conflict, halt the U.S. blockade, and reopen the Strait of Hormuz. This development…

Gold prices rose on June 15 after a US-Iran deal, with international gold trading at $4,351.20/oz and domestic 24K gold closing at Rs 1,47,367 per 10 grams.