Gold & Silver React To Bullish And Bearish Iran News

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Spot Gold At $4,250/oz After U.S. Weekly Jobless Claims Dip To 226k
	Gold prices coming off their recent lows on Thursday morning following the release of steady labor market data after the number of Americans filing new claims for unemployment benefits were in line with economists’ forecasts... Ernest Hoffman
	Warsh’s Focus On Price Stability Sends Gold Prices Lower
	The gold market is trying to find its footing after the Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of the year... Neils Christensen
	Record 45% Of Central Banks Plan To Increase Gold Holdings
	Central bank demand has been a solid pillar of support for the gold market as prices pushed to all-time highs at the start of the year... Neils Christensen
	Gold Is Still Stuck In A Holding Pattern But The Bullish Long-Term Case Remains Intact
	The gold market continues to hold on to solid gains after testing critical support near $4,000 an ounce, but one market strategist believes the precious metal remains trapped in a broad consolidation phase as investors wait for greater clarity on interest rates and inflation... Neils Christensen
	Gold, Silver Firm As U.S.-Iran Deal Cools Crude
	Spot gold prices are firmer and spot silver prices are also higher in early U.S. trading Tuesday, as oil prices extended their U.S.-Iran deal selloff, Treasury yields eased and traders positioned for the June 16-17 Federal Reserve meeting... Kitco NewsWire

After hearing of an agreement between the U.S. and Iran on June 11th, the Gold price started moving higher. Gold rallied from a low of $4,024 to a high of $4,380 on Wednesday, June 18th. Then the new Federal Reserve chairman, Kevin Warsh, announced the Fed Fund interest rates would remain unchanged right now. In a news conference after the announcement, Chairman Warsh signaled a rigorous focus on price stability, maintaining interest rates at 3.50%–3.75% while indicating the potential for further hikes in 2026. After Chairman Warsh spoke, the U.S. Dollar rallied, moving over 101, the highest it’s been this year.

Gold closed last Thursday at $4,200, but in overseas trading on Friday, it moved lower and closed at $4,155 per ounce. When trading opened late Sunday afternoon, President Trump threatened to start bombing Iran again if it didn’t open the Strait of Hormuz. After that statement, the price of Gold started moving higher, rallying from $4,155 to $4,220 per ounce before Chinese trading opened.

Between the on-again/off-again war with Iran and the bias on interest rates moving higher, the Gold price has become highly volatile. Gold currently has price support at $4,000 and resistance at $4,300 per ounce. I believe the ongoing demand will move the Gold price above $4,300 in July.

Key Economic data to watch this week:

• June 23rd, Tuesday: U.S. Manufacturing PMI
• June 24th, Wednesday: May New Home Sales
• June 25th, Thursday: June 20th Initial Jobless Claims, May Initial Jobless Claims
• June 26th, Friday: May Wholesale Inventories, June Consumer Sentiment

Today: During peace talks in Switzerland between the U.S. and Iran, the Iranians are demanding a stop to military actions in Lebanon between the Israelis and Hezbollah before moving on to the peace arrangement with the U.S. While Trump is demanding better control over the billions of potential unfrozen Iranian assets. Then, news from JD Vance this morning that Iran will allow UN nuclear inspectors into the country sends Gold rallying back above $4,185 per ounce.

Last week, Silver reacted to the possibility of higher interest rates, moving from a high of $71.55 on Wednesday to close at $65.67 on Thursday, after the Fed Chair’s announcement. During Friday’s trading in the overseas market, Silver ranged from a low of $63.78 to a high of $67.20 per ounce. In overseas trading last night, Silver showed good support above the $65 per ounce level.

Today: This morning, Silver has stayed above the key $65 per ounce support level as the Iranian bullish and bearish news was announced.

REMEMBER MY DAILY BLOG

If you want to get the update on what’s happening in the Gold, Silver, and rare coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
Anti-Counterfeiting Educational Foundation. Barry Stuppler, the original founder of MintStateGold.com, is proud to say he has helped over 25,000 rare coin and precious metal investors and collectors to build their collections and holdings. For more information about Barry click here.

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of Stuppler & Company’s knowledge at this time. Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

Stuppler & Company, Inc. 5855 Topanga Canyon Blvd. Suite 410, Woodland Hills, CA 91367
888-454-0444 - [email protected].