Singapore: Spot gold fell 0.6 percent to $3,349.89 per ounce, after hitting its lowest level since June 11.
US gold futures fell 0.9 percent to $3,364.20.
The decline follows the ceasefire announcement with U.S. President Trump stating on Truth Social that a “full and comprehensive” ceasefire between Israel and Iran would take effect within 12 hours.
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As for other precious metals, spot silver rose 0.1 percent to $36.03 per ounce, platinum fell 0.3 percent to $1,260.78, and palladium fell 0.1 percent to $1,043.
