Gold prices have edged higher on Wednesday as the upcoming U.S.-Iran deal signing on Friday continued to revive market spirits, while the focus of investors also turned to the interest rate announcement by the U.S. Federal Reserve. However, today's strength in U.S. dollar capped the gains.
Front Month Comex Gold for August month delivery has risen by $27.90 (or 0.64%) to $4,382.30 per troy ounce.
Front Month Comex Silver for August month delivery has climbed by $0.614 (or 0.87%) to $70.905 per troy ounce.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
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.