On June 25, local time, during the NATO summit, US President Trump made a heavy statement, saying bluntly that "the conflict between Israel and Iran may break out again, perhaps soon". This statement broke the market's expectations of easing tensions in the Middle East and triggered shocks in global financial markets. As of the early Asian session on June 26, the spot gold price rebounded rapidly from a two-week low of $3,322.93 per ounce to around $3,345.62, an increase of 0.4%, while the US dollar index fell to 97.46, a new low since March 2022, providing double support for gold prices.

On June 24, US Middle East envoy Witkoff said in an interview with Fox News that the United States is conducting direct and indirect contacts with Iran, and that "now is the time" to negotiate a comprehensive peace agreement, and stressed that he is "very confident in reaching an agreement." This statement echoes the ceasefire decision announced by Iranian President Pezhashyan on the same day - Pezhashyan said that the 12-day conflict provoked by Israel has ended, and Iran will devote its energy to reconstruction. On the same day, Grossi, Director General of the International Atomic Energy Agency, confirmed that although some of Iran's nuclear facilities were damaged, key research reactors and power reactors were not attacked, preserving the scientific and technological foundation for subsequent negotiations.

On June 24, the internal debate on the path of interest rate cuts in the Federal Reserve became more intense. Michelle Bowman, the Federal Reserve Vice Chairman nominated by Trump for Supervision, made it clear in her testimony to Congress that if inflation remains mild, she supports starting interest rate cuts as early as July to "prevent possible structural weakness in the labor market." This statement echoes that of another close confidant of Trump, Federal Reserve Board member Christopher Waller, who emphasized in his speech on June 20 that the impact of tariffs on inflation "may be short-lived" and that the Federal Reserve should "prioritize economic downside risks" to open a policy window for a July interest rate cut.