Gold, silver prices recoup losses on US-Iran peace deal despite hawkish US Fed policy; Spot gold rate gains over 1%

Gold and silver prices recouped previous session losses, with spot gold gaining over 1%, driven by US-Iran peace deal optimism that overshadowed hawkish US Federal Reserve policy signals. The recovery follows a sharp 1.7% decline in the prior session triggered by expectations of interest rate hikes later this year. The geopolitical de-escalation supported safe-haven demand despite a less accommodative Fed outlook.