Brent crude edges higher as US-Iran peace hopes fade, Asia shares slip
Fading optimism over a diplomatic resolution in the Middle East has reignited supply risk premiums, lifting oil prices while weighing on Asian equities and US futures.
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- EVENTDow hits record close as fragile US-Iran truce holds, snapping five-day slide
Risk appetite returned to Wall Street Monday as the Dow Jones Industrial Average reached an all-time high, while the S&P 500 and Nasdaq ended five-day losing streaks on hopes that a diplomatic resolution with Iran will stabilize energy markets.
- EVENTBrent crude edges higher as US-Iran peace hopes fade, Asia shares slip
Fading optimism over a diplomatic resolution in the Middle East has reignited supply risk premiums, lifting oil prices while weighing on Asian equities and US futures.
- EVENTGold rebounds to $4,197 as geopolitical easing offsets Fed pressure
Spot gold climbed 0.9% to $4,197.41, reversing a slide to its lowest level since June 11. The recovery was driven by cooling oil prices and de-escalating geopolitical tensions, which outweighed headwinds from Federal Reserve policy.
- EVENTGold rebounds 0.9% as Iran peace progress eases oil risk, Fed hawkishness weighs
Spot gold recovered to $4,197.41/oz, reversing a slide to a one-week low. Easing geopolitical risk in the Middle East pulled back crude prices, while higher rate bets capped the rally.