June 18 (Reuters) - Gold rose more than 1% on Thursday,

recouping losses from the previous session, as oil prices fell

after the U.S. and Iran signed an interim agreement to end their

war.

FUNDAMENTALS

* Spot gold rose 1.5% to $4,322.41 per ounce by 0102

GMT after declining 1.7% on Wednesday. U.S. gold futures

for August delivery fell 0.9% to $4,343.10.

* The United States and Iran released the text of their

interim agreement on Wednesday, with U.S. President Donald Trump

threatening to resume attacks and kill Iranian officials if they

failed to honour their commitments.

* The 14-point agreement extends the ceasefire announced in

April by another 60 days to allow the two sides to negotiate a

final truce.

* Oil prices fell, reversing gains made on Wednesday after

Trump said he could resume his bombing campaign if Iran's

leaders "don't behave".

* The Federal Reserve held interest rates steady on

Wednesday, but policymakers expect a hike in borrowing costs

later this year amid growing concerns about inflation lodged

above the U.S. central bank's 2% target.

* Nine of the central bank's 19 policymakers now believe

they will need to raise the policy rate this year, according to

projections published on Wednesday.

* Major stock indexes fell, bond yields rose and the U.S.

dollar extended gains on Wednesday after the Fed projections

showed officials expect a hike in borrowing costs later this

year amid increasing inflation concerns.

* Spot silver rose 2.2% to $69.51 per ounce, platinum

gained 1.8% to $1,767.53, and palladium was up 2%

at $1,338.67.

DATA/EVENTS (GMT)

1100 UK BOE Bank Rate Jun

1230 US Initial Joblesss Clm Jun 13, w/e

1230 US Philly Fed Business Indx Jun

(Reporting by Noel John in Bengaluru; Editing by Subhranshu

Sahu)