Gold reversed course to edge higher on Monday after reports emerged that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce that could lead to a more permanent resolution to the conflict.
Spot gold traded 0.4 percent higher at $4,696.35 an ounce, after having fallen to a low of $4,601 earlier. U.S. gold futures for June delivery were up nearly 1 percent at $4,722.87.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.