Events
Gold Prices Retreat Despite Recent Gains Amid Increased Demand Following US-Iran Agreement
Gold prices have seen a noticeable decline both globally and locally, reversing some of the recent gains that had been driven by heightened purchasing activity following the US-Iran agreement.
As of Thursday, June 18, 2026, market data indicates a retreat in gold valuations, with Gram gold, quarter gold, and Republic gold prices reflecting this downward trend. The recent momentum, characterized by a rate of change of -0.0355, suggests a shift in market sentiment, despite the overall adjusted sentiment score remaining robust at 100, indicating extreme greed among investors.
However, with a topic coverage of 68, the market sentiment appears to be stabilizing, suggesting that while there is still strong interest in gold, the current pullback may be a natural correction in response to the recent price spikes.