{"id":63571,"date":"2026-06-22T17:38:16","date_gmt":"2026-06-22T21:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/"},"modified":"2026-06-22T17:38:16","modified_gmt":"2026-06-22T21:38:16","slug":"gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/","title":{"rendered":"Gold Rebounds on US-Iran Diplomacy While Hawkish Fed Rhetoric Persists"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#US-Iran_Peace_Progress_Eases_Energy_Supply_Fears\" >US-Iran Peace Progress Eases Energy Supply Fears<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#Gold_Markets_Caught_Between_Diplomacy_and_the_Fed\" >Gold Markets Caught Between Diplomacy and the Fed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#Fed_Officials_Signal_Continued_Inflation_Concerns\" >Fed Officials Signal Continued Inflation Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#Pfizer_Clinical_Trial_Misses_Primary_Endpoint\" >Pfizer Clinical Trial Misses Primary Endpoint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-rebounds-on-us-iran-diplomacy-while-hawkish-fed-rhetoric-persists\/63571\/#North_Korea_Asserts_Nuclear_Status\" >North Korea Asserts Nuclear Status<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> saw a relief rally<\/strong> as US and Iranian negotiators reported progress toward a peace deal, though the metal remains down <strong>more than 20%<\/strong> since the start of the war.<\/li>\n<li><strong>Federal Reserve Governor Austan Goolsbee<\/strong> defended his recent dissent, warning that inflation remains <strong>well above target<\/strong> and is currently moving in the &quot;wrong direction.&quot;<\/li>\n<li><strong>Pfizer (<a href=\"\/stock\/PFE\">PFE<\/a>)<\/strong> announced its Phase 3 trial for <strong>Sigvotatug Vedotin<\/strong> missed its overall survival goal in lung cancer patients, weighing on the healthcare sector.<\/li>\n<li><strong>Iran and Oman<\/strong> confirmed a commitment to safe, toll-free passage through the <strong>Strait of Hormuz<\/strong>, easing global energy supply concerns.<\/li>\n<li><strong>Fed Chair Warsh<\/strong> is officially scheduled to testify before the House Financial Services Committee on <strong>July 14<\/strong> at 10:00 A.M. ET.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"US-Iran_Peace_Progress_Eases_Energy_Supply_Fears\"><\/span>US-Iran Peace Progress Eases Energy Supply Fears<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Negotiators from the United States and Iran have reported significant progress toward a peace deal, establishing a <strong>direct communication channel<\/strong> to prevent maritime escalations. Oman\u2019s Foreign Minister noted that Iranian officials have reaffirmed their commitment to international law, specifically ensuring <strong>safe, toll-free passage<\/strong> for vessels through the <strong>Strait of Hormuz<\/strong>.<\/p>\n<p>In tandem with these diplomatic shifts, Iran\u2019s Central Bank Governor stated that the country\u2019s <strong>remaining frozen assets<\/strong> will not be restricted to essential goods. Tehran clarified that it is <strong>not required to purchase U.S. agricultural products<\/strong> under the current framework and may use the funds for various non-sanctioned goods.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gold_Markets_Caught_Between_Diplomacy_and_the_Fed\"><\/span>Gold Markets Caught Between Diplomacy and the Fed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Gold<\/strong> prices moved higher on Monday following the de-escalation news, yet the precious metal remains under significant long-term pressure. <em>Market analysts point to a dual headwind<\/em> of easing energy-supply fears and a persistently hawkish outlook from the Federal Reserve. Since the outbreak of the war, gold has depreciated by <strong>more than 20%<\/strong> as investors pivot toward higher-yielding assets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Officials_Signal_Continued_Inflation_Concerns\"><\/span>Fed Officials Signal Continued Inflation Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Reserve remains a focal point for markets as <strong>Governor Austan Goolsbee<\/strong> defended his decision to dissent against recent policy moves. Goolsbee emphasized that <strong>services inflation remains concerning<\/strong> and that the labor market&#39;s stability provides the Fed room to maintain restrictive rates. He noted that more evidence is required to prove that current price pressures are merely temporary.<\/p>\n<p>Adding to the central bank&#39;s calendar, it was confirmed that <strong>Fed Chair Warsh<\/strong> will provide testimony to the House Financial Services Committee on <strong>July 14<\/strong>. <em>Investors are bracing for further clarity<\/em> on whether the Fed will maintain its aggressive stance given that inflation is still trending away from the 2% target.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pfizer_Clinical_Trial_Misses_Primary_Endpoint\"><\/span>Pfizer Clinical Trial Misses Primary Endpoint<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the healthcare sector, <strong>Pfizer (<a href=\"\/stock\/PFE\">PFE<\/a>)<\/strong> reported that its Phase 3 trial of <strong>Sigvotatug Vedotin<\/strong> failed to meet the primary goal of overall survival in patients with previously treated metastatic non-small cell lung cancer (NSCLC). While the drug showed <strong>stronger benefit trends in second-line patients<\/strong> and maintained a manageable safety profile, the failure to outperform the standard-of-care drug, Docetaxel, is a setback for the company\u2019s oncology pipeline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"North_Korea_Asserts_Nuclear_Status\"><\/span>North Korea Asserts Nuclear Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the geopolitical front, North Korean leader <strong>Kim Jong Un<\/strong> stated that the nation will further assert its status and role as a <strong>nuclear power<\/strong>. According to reports from News1, this rhetoric signals a continued commitment to military expansion, potentially adding a layer of <em>geopolitical risk<\/em> to Asian markets as Pyongyang seeks to solidify its standing on the global stage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold prices saw a relief rally as US and Iranian negotiators reported progress toward a peace deal, though 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