Gold Prices Edge Lower on Tuesday Morning as US-Iran Peace Talks Show Progress
Gold prices slipped slightly in early trading on Tuesday (June 23, 2026), reflecting improving market sentiment after the United States and Iran signaled initial progress in negotiations aimed at ending the ongoing conflict.
According to Bloomberg data, as of 07:39 WIB, gold futures for August 2026 delivery on the Commodity Exchange traded at US$4,200.40 per troy ounce, down 0.05% from the previous session's closing price of US$4,202.70 per troy ounce.
Despite the modest decline, gold prices remained relatively stable as investors closely monitored developments in diplomatic talks between Washington and Tehran. Reduced geopolitical tensions typically lessen demand for safe-haven assets such as gold.
US Vice President JD Vance stated that weekend discussions with Iranian officials were "very, very good," while Iranian representatives also reported encouraging progress in the negotiations.
In addition, the United States issued a 60-day license allowing Iran to sell a portion of its oil on international markets, a move widely viewed as a positive step toward easing tensions between the two countries.
"Gold and silver markets remain heavily influenced by external factors and are still reluctant to move decisively in either direction," said Rhona O'Connell, Head of Market Analysis for EMEA and Asia at StoneX Group Inc.
She added that the technical outlook remains weak for both precious metals, although some market flows indicate signs of improvement.
Investors are expected to continue monitoring geopolitical developments, central bank policy signals, and global economic conditions, all of which could influence the direction of gold prices in the coming sessions.