June 16 (Reuters) - Nordic front-quarter power contract rose on Tuesday after hitting multi-week lows in the previous session, and on support from related European markets, while traders kept a close eye on a peace deal between the U.S. and Iran scheduled to be signed on Friday.

* The Nordic front-quarter baseload power contract NSBLQc1 was up €0.13, or 0.3%, at €51.5 per megawatt hour (MWh) at 1130 GMT. The contract hit its lowest level since April 30 in the previous session.

* The Nordic front-year power contract NSBLYc1 was largely steady at €47.5 per MWh, after having touched its lowest level since May 7 in the previous session.

* "We correct modestly up today following the sharp losses the previous day. Earlier in the session, gas and German power were also recovering and the Nordic market followed this development," said Karsten Sander Nielsen, senior market analyst at Mind Energy.

* Dutch and British wholesale gas prices were steady on Tuesday morning after falling around 10% on Monday. NG/EU

* "The markets are now in general holding their breath until the peace agreement is signed on Friday, according to schedule. ... if anything goes wrong, no one wants to get caught off guard. So it is a nervous market right now," Nielsen added.

* U.S. President Donald Trump announced the interim deal on Monday, though details have not been released.

* Elsewhere, LSEG meteorologist George Muller said temperatures will be near or slightly above normal in the south, while the north will be close to normal or even slightly below in the next couple of weeks.