“Gold Soars Above $4,200! US–Iran Deal Shakes Global Markets, Oil Plunges Amid Geopolitical Storm, Global Inflation Pressure Eases”

Gold Surges – Fragile Peace, Oil Falls, Global Inflation Eases Article by SO OK TRADING | June 22, 2026

Global gold prices (Gold Spot) rebounded strongly on June 22, 2026, breaking above $4,200 per ounce after dipping to $4,150 earlier in the session. The sharp rise of $40–60 in a single day was driven by technical buying and geopolitical concerns. However, the overall trend remains sideways, pressured by a strong US dollar and elevated bond yields.

 
Gold Market Outlook

Short-Term: Rebound with intermittent pullbacks; key support at $4,120
Mid–Long Term: Morgan Stanley projects gold could reach $5,200 in the second half of the year, supported by central bank buying (especially China) and increased SPDR inflows
Goldman Sachs: Revised year-end target down to $4,900 from $5,400, reflecting pressure from US monetary policy
 
US–Iran Peace Talks: 60-Day Roadmap

After 18 hours of marathon negotiations in Switzerland, both sides agreed on a “60-Day Roadmap”
Strait of Hormuz opened for free passage for 60 days, with temporary easing of oil sanctions
Three working groups established: nuclear, sanctions, and oversight, to draft a permanent deal
Risks remain high: Israel rejects the agreement and continues strikes in Lebanon, US Congress resists sanction relief, and President Trump maintains a hardline stance
 
⛽ Oil Prices Plunge on Positive Developments

Brent crude fell to $79–80 per barrel, the lowest since March, after previously spiking to $126 in May
Supply concerns eased as the Strait of Hormuz reopened and sanctions were temporarily lifted
Analysts warn that if the opening becomes permanent, over 80 million barrels of crude could flood the market, while Chinese demand shows signs of slowing
 
Global Inflation & Impact on Thailand

Lower oil prices immediately eased global inflationary pressures
Global equities rallied, including the Dow Jones and Asian markets, on reduced war and energy concerns
In Thailand: retail fuel prices are expected to decline, easing living costs and reducing pressure on the Oil Fund
The Thai baht strengthened as capital inflows returned amid a softer US dollar
 
Summary Gold remains the ultimate safe haven asset, closely watched by investors worldwide. While the US–Iran deal offers positive momentum by easing oil and inflationary pressures, risks from Israel and political tensions remain high. Support for gold sits around $4,100 per ounce, with an upward bias. Current conditions present short-term speculative buying opportunities.

 
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