Prices are in a Fed hangover despite the Iran peace deal

Gold (GC=F) August futures were opened at $4,275.10 Troy per ounce Thursday 18 June 2026down 2.4% from Wednesday’s $4,381.40. The price of gold is slightly up this morning and is trading at $4,283.80 at 6:58 AM ET.

The price of gold opened last week below $4,100 for the first time since November 2025 after the US carried out more airstrikes against Iran the night before. This morning, the country wakes up to a peace deal signed between the United States and Iran, aimed at speeding up the opening of the Strait of Hormuz and laying the groundwork for more in-depth negotiations over the next two months.

Although US stock futures are up this morningwhich reacted positively to the signed « Memorandum of Understanding », gold prices have not reacted as strongly since yesterday’s Fed meeting. The possibility of future interest rate increases due to the need to control war-induced inflation is very real. Almost half of the FOMC members plan at least one rate hike this year.

The current price of gold

Gold futures Opening price on Thursday 18 June 2026down 2.4% from Wednesday’s close. Here’s a look at how gold’s Opening Price has changed over the past week, month and year:

• A week ago: +5.7%

• One month ago: -6.3%

• A year ago: +26.3%

Annual price growth slowed again this morning, the lowest increase in more than a year. Gold’s annual growth was 95.6% on January 29.

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Gold IRA: What it is, how it works

If you take your gold bars out on a rainy day, there might be an opportunity to earn tax benefits. You could set up a golden IRA to hold these funds and diversify your retirement assets.

More information: How to invest in gold in 4 steps

A gold IRA is a special form of self-directed IRA designed for gold and other precious metals.

Golden IRA vs Traditional IRA

The table below compares the main features of a standard IRA and a gold IRA.

IRS Restrictions

You must work with a specialized service provider who can ensure that your account complies with these IRS restrictions:

1. Storage: Your gold must be stored in an IRS-approved facility.

2. Asset types: A gold IRA can contain physical gold, silver, platinum or palladium – but not all forms of these metals qualify. For example, gold bars, silver coins and bars must meet purity requirements. In addition, the gold bars must come from approved refiners.

More information: Gold IRA: Benefits, Risks and How It’s Different from a Traditional IRA

Gold Price Chart

Whether you’re tracking gold prices from last month or last year, the Gold Price Chart below shows the precious metal’s journey in value this year so far.