12:01 - 12.06.2026

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June 12, Fineko/abc.az. Gold is preparing to record a second weekly decline in a row, while investors are putting at risk the likelihood of a diplomatic agreement that could end the protracted conflict between Washington and Tehran.

ABC.AZ reports, citing data from commodity exchanges, that the value of the precious metal adjusted almost by 1%, dropping to $4,170 per troy ounce. Even amid President Donald Trump’s statements about cancellation of strikes on Iran and Tehran's readiness to sign an agreement, gold lost roughly 3.5% in a week. Currently, the asset is traded about one fifth (20%) below the levels recorded before the outbreak of the military escalation in late February.

Analyst opinions and new exchange standards:

Saxo Bank's position: Ole Hansen, Head of Commodity Strategy at Saxo Bank A/S, notes the skepticism of traders: "After dozens of similar statements in recent months, investors believe deeds, not words. For its part, Tehran has not yet officially confirmed the proximity of the deal."

Technical factors and forecasts: The price drop below the key 200-day moving average triggered a wave of technical sales, which caused the price to approach the $4,000 mark on Thursday. Against this background, investment bank Julius Baer Group Ltd. lowered its medium–term gold benchmark (3-12 months on the horizon) to $4,250 - $4,500 per ounce.

Round-the-clock trading on CME: Amid growing global demand, the Chicago Mercantile Exchange (CME) announced that starting on July 26, it will switch trading in gold futures (1 ounce) to a 24/7 round-the-clock operation, seven days a week.