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Gold Prices Fall on Monday (6/22) Morning, Triggered by US-Iran Tensions and a Hawkish Fed Tone
Gold prices fell in early trading this week. On Monday (22/6/2026) at 07:57 WIB, the price of gold for August 2026 delivery on the Commodity Exchange was at US$ 4,194.10 per troy ounce, down 1.22% from the end of last weekend, which stood at US$ 4,245.90 per troy ounce.
Citing Bloomberg, gold prices fell after US President Donald Trump issued a new threat to attack Iran, which heightened tensions during high-level US-Iran discussions.
US and Iran negotiations were less smooth after Iran was reported to have halted the talks due to Trump's warning. However, people familiar with the matter said the discussions taking place in Switzerland continued into the early hours of Monday.
Gold has declined for three consecutive weeks and has dropped by more than half since the war began at the end of February.
The newly appointed Federal Reserve chair, Kevin Warsh, adopted an aggressive tone on inflation during his first policy meeting last week.
“Gold’s sensitivity to Timur Tengah issues eased after the Fed’s more hawkish policy last week. Most likely, it will remain so,” said Daniel Hynes, a senior commodity strategist at ANZ Group Holdings Ltd, as reported by Bloomberg.
He added that bullion prices will be more influenced by macroeconomic signals.