U.S.-listed shares of gold and silver miners rise after Trump cancels strikes against Iran

U.S.-listed shares of gold and silver miners rose on June 11, 2026, following President Donald Trump’s announcement that he had postponed planned military strikes against Iranian energy infrastructure. The decision came after what Trump described as “good and productive” diplomatic discussions between the U.S. and Iran, sparking renewed hopes for a de-escalation in the ongoing conflict. This shift in geopolitical risk appeared to boost investor sentiment toward precious metals, which had previously fallen sharply amid heightened tensions.

Earlier in the week, gold prices had dropped more than 5%, reaching a low of $4,262.50 per ounce, before rebounding to $4,431.09 as optimism over the potential for a ceasefire took hold. Silver also saw a rebound, rising 3.3% to $69.97 after hitting a year-to-date low. The market’s reaction reflects the delicate balance between geopolitical uncertainty and expectations of higher interest rates, both of which influence demand for non-yielding assets like gold and silver.

While gold has lost approximately 25% since hitting a record high in January 2026, the recent stabilization suggests that investors may be reassessing their exposure to precious metals in light of evolving global dynamics.