Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Trump Questions USMCA Renewal as Trade Talks Continue 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Gold prices moved higher during Asian trading on Thursday after recording their strongest daily gain since March, supported by a weaker U.S. dollar and easing concerns over inflation linked to Middle East tensions. Investors also reacted positively to reports suggesting progress toward a potential peace agreement between the United States and Iran.
Spot gold increased 0.4% to $4,707.31 per ounce, while U.S. gold futures for June delivery climbed 0.4% to $4,713.86. The precious metal had already surged nearly 3% in the previous session as oil prices dropped sharply following signs of improving geopolitical conditions.
Market sentiment improved after reports indicated that the White House was close to reaching a memorandum of understanding with Iran aimed at ending the ongoing conflict. Iranian officials confirmed they were reviewing the proposal, while U.S. President Donald Trump stated that Tehran appeared willing to finalize an agreement.
The possibility of reduced geopolitical tensions pushed crude oil prices significantly lower, easing fears of prolonged inflation pressures. Lower oil prices also contributed to declines in U.S. Treasury yields and weakened the dollar, both of which typically support gold prices because bullion becomes more attractive to investors seeking safe-haven assets.
The U.S. dollar index slipped another 0.1% during Asian trading after falling 0.4% overnight, remaining close to levels seen before the recent conflict escalation. Although oil stabilized slightly on Thursday, investors remain cautious as they await further developments surrounding the U.S.-Iran negotiations.
Traders are now closely watching Friday’s U.S. non-farm payrolls report for additional signals regarding the Federal Reserve’s future interest-rate decisions. Recent comments from Federal Reserve officials highlighted concerns that Middle East instability could still impact inflation and global supply chains.
Among other precious metals, silver gained 0.7% to $77.85 per ounce, while platinum traded near $2,065.17 per ounce.
