Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
Canada and Germany Advance Major LNG Supply Partnership 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
Gold prices moved higher in Asian trading on Friday, extending gains for a third consecutive session as investors reacted to escalating U.S.-Iran tensions and positioned themselves ahead of key U.S. inflation data. Despite the recent rebound driven by safe-haven demand, bullion remained on track for a weekly decline as a stronger U.S. dollar and hawkish Federal Reserve signals limited upside momentum.
Spot gold climbed 0.4% to $5,017.85 per ounce by 01:17 ET (06:17 GMT), while U.S. gold futures advanced 0.8% to $5,036.50. Even with mid-week gains fueled by geopolitical concerns, the precious metal was set to post a weekly loss of nearly 0.6%. Earlier in the week, optimism surrounding potential diplomatic talks between Washington and Tehran reduced market anxiety, weighing on gold. However, renewed geopolitical uncertainty later supported prices.
Trading volumes remained relatively light as Chinese markets were closed for the Lunar New Year holidays, leading to thinner liquidity across commodity markets.
Heightened diplomatic tensions continued to underpin gold prices. U.S. President Donald Trump warned that Iran must enter negotiations over its nuclear program within 10 to 15 days or face unspecified consequences, raising fears of possible military escalation in the Middle East. Such developments could disrupt global oil supplies and increase volatility across financial markets, boosting demand for safe-haven assets like gold.
Nevertheless, gains were capped by a stronger U.S. dollar. The U.S. Dollar Index was on track for its strongest weekly performance in months, rising more than 1%. A firm dollar typically pressures gold, as it makes the non-yielding metal more expensive for holders of other currencies. Additionally, Federal Reserve meeting minutes signaled a cautious stance on interest rate cuts, dampening expectations for near-term monetary easing.
Investors are now closely watching the release of the U.S. Personal Consumption Expenditures Price Index, the Fed’s preferred inflation gauge. The PCE data could provide fresh direction for gold prices and broader commodity markets.
Other metals also edged higher. Silver gained 0.4% to $78.80 per ounce, platinum rose 0.4% to $2,089.65, and copper prices ticked up on both the London Metal Exchange and in U.S. futures trading.
