Extending yesterday's slump, gold prices have plunged on Tuesday as investors' attention converges on how the U.S.-Iran peace talks would pan out, with the crucial two-week ceasefire deadline ending in a day. The Strait of Hormuz still remains shut, increasing oil supply concerns.
Front Month Comex Gold for June month delivery has plummeted by $108.80 (or 2.25%) to $4,720.00 per troy ounce.
Front Month Comex Silver for June month delivery has nosedived by $3.752 (or 4.67%) to $76.580 per troy ounce.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.