Gold Price June 15, 2026; Peace Agreement Shock to Global Markets

Global Ounce Surge Amid Dollar and Oil Slump Today, June 15, 2026, global markets were impacted by the announcement of a peace agreement between the United States and Iran. This agreement, scheduled to be officially signed on June 19 in Switzerland, ends a 107-day conflict and includes the reopening of the Strait of Hormuz [4]. Following this news, Brent oil prices faced a 4.5% drop, and the US Dollar Index weakened. This devaluation of the dollar sharply increased the demand for gold, pushing the price of each ounce of gold to the $4,329 range with a 2.5% jump [2].

Kilis Postası Report from the Turkish Market Regional media, including "Kilis Postası," reported that in the Turkish market, gold prices moved upward in line with global markets. According to data from this source, the price of a gram of gold reached 6,407 Lira on Monday morning [1]. Additionally, the full coin (Cumhuriyet) was traded at approximately 41,777 Lira in the Turkish free market. Local analysts believe that the reduction of geopolitical tensions in the Middle East, despite the increase in global gold prices, has returned relative stability to the region's monetary markets [1].

Contrast in the Iranian Market: Price Drop with Rial Strengthening Contrary to the global trend, the gold and currency market inside Iran showed a different reaction. With the release of positive political news and the possibility of lifting the economic blockade, the value of the Rial strengthened significantly. The price of the dollar in the Tehran free market entered the 171,000 Toman channel with a dramatic fall [3]. This strengthening of the national currency neutralized the effect of the global ounce increase, causing gold prices in the domestic market to plummet. The price of each gram of 18-karat gold reached 16 million 680 thousand Tomans with a significant decrease, and the Emami coin was traded in the range of 169 million Tomans [3].

Market Outlook Ahead of the Federal Reserve Meeting In addition to political developments, investors' eyes are fixed on the first US Federal Reserve meeting chaired by "Kevin Warsh," which will be held in the coming days [2]. The Federal Reserve is expected to keep interest rates steady, but changes in US monetary policies alongside the final signing of the peace treaty in Switzerland could draw a new direction for gold prices in the second half of 2026. Market participants believe gold will remain a safe-haven asset against inflationary fluctuations caused by changes in energy prices [4].