Business

Gold extends gains after US, Iran reach peace deal

Jun 16, 2026

New York [US], June 16: Gold rose more than 2% on Monday after US and Iran officials said they had reached an initial agreement to end their war.
By 0536 GMT the spot gold price had risen 2.5%, to $4,323.29 an ounce, its highest since June 9, and extended gains for a 3rd straight session. US Gold Futures for August Delivery rose 2.5% at $4,343.80.
Spot silver increased 3.3%, to $70.19 an ounce.
Source: Emirates News Agency

More news

Discovery spotlights the manufacturing journey of SERVO Lubricants by IndianOil in The Power Behind Progress

New Delhi [India], September 11: As India’s automotive and industrial landscape evolves, so does the technology and infrastructure working behind the scenes to keep it moving. Discovery’s upcoming special The Power Behind Progress takes viewers inside IndianOil’s Integrated Lube Complex at Manali Industrial Area in Chennai (TN), the world’s largest lubricant blending plant, offering a glimpse into the scale of India’s manufacturing capabilities today and the journey that brought them here. At the centre of this story is SERVO, a homegrown brand whose evolution has closely mirrored India’s own journey of industrial growth and self-reliance.

Sep 11, 2026