Oil prices fell as reports suggest Iran and the US are close to a deal to end the war, with Trump warning of intensified bombing if no agreement.
European stocks fell sharply after Norway raised rates to 4.25%, citing Iran war-driven inflation. Gold and oil prices declined on peace deal hopes.
Gold jumps 2.7% to $4,678.95 on peace hopes and a weaker dollar. Key takeaways include geopolitical shifts, rate cut expectations, and market volatility.
Gold prices jumped on a weaker dollar and optimism over a U.S.-Middle East peace deal, making bullion more attractive.
Palladium rose 3.9% to $1,543.76, driven by a weaker dollar and Middle East peace hopes, alongside gains in silver and platinum.