[Institution: U.S.-Iran Ceasefire Eases Inflation Concerns, Aiding Gold's Initial Rebound] According to Golden Finance, on June 15, gold prices rose during the Asian morning session following a temporary peace agreement between the United States and Iran. This agreement could help normalize oil supplies, alleviating market concerns over energy-driven inflation shocks. Since the outbreak of the Middle East conflict at the end of February, gold prices have fallen by more than 20% due to expectations of higher interest rates triggered by high energy prices and supply chain disruptions, weighing on the performance of this non-interest-bearing metal. Additionally, safe-haven capital inflows have pushed up the U.S. dollar exchange rate, further increasing pressure. Analysts at ANZ Bank stated that the war has reinforced structural reasons for investors to increase gold allocations, including geopolitical fragmentation and weakened confidence in bonds as a reliable portfolio diversification tool.