Gold prices were unchanged in early trading on Wednesday, while New York gold futures fell 0.2%

In early trading on Wednesday, June 17, gold prices remained largely unchanged as traders awaited the signing of a temporary peace agreement between the US and Iran. Soojin Kim of Mitsubishi UFJ Financial Group (MUFG) stated that easing inflationary pressures are weighing on gold, but geopolitical uncertainty and investor sentiment are supporting the precious metal. The market is also awaiting guidance from the Federal Reserve on inflation and interest rate outlook. New York gold futures fell 0.2% to $4,344.70 per ounce. (Sina Finance)