COMEX gold slips 0.51% to $4,224.20/oz as silver rises 0.46% on June 22

On June 22, COMEX gold fell 0.51% to $4,224.20 per ounce, while silver rose 0.46% to $66.625 per ounce. Iran said progress had been made in quadrilateral talks with the United States in Switzerland, easing geopolitical tensions and pushing Brent crude futures down 0.5%. Fed officials signaled rates could stay high through the end of 2026, but the easing geopolitical backdrop weakened safe-haven demand for gold. Physical demand stayed soft in India, China’s gold premium flipped to a discount, and Switzerland’s May gold exports fell 9% month on month.