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Asia Stocks Climb Amid U.S.-Iran Deal and BOJ Rate Hike
- On Monday, President Donald Trump confirmed a peace agreement with Iran to end their war and reopen the Strait of Hormuz, with the official signing expected Friday in Switzerland.
- The U.S.-Israeli war against Iran, which began in late February, had previously driven oil prices higher and stoked inflation fears, forcing central banks to keep interest rates elevated.
- Following the framework deal, traders cut the probability of a Federal Reserve interest rate hike in December to 48%, down from 69% last week, according to the CME FedWatch tool.
- Investors are now focused on the Federal Reserve's June 16-17 policy meeting, the first chaired by Chair Kevin Warsh, to gauge the interest-rate path ahead.
- Despite short-term optimism, analyst Peter Grant expressed skepticism that inflation will immediately subside, though long-term gold demand remains supported by concerns over currency debasement and fiscal risks.
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The Japanese leading index is approaching its record of 70,000 points from the beginning of the week. However, markets are not driven by impulses from Asia.
·Düsseldorf, Germany
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Gold steady, silver falls on MCX as investors await details of US-Iran peace deal | Check city-wise rates
Rates of precious metals in futures traded mixed on Tuesday, June 16, 2026, as traders and investors awaited further details on the US-Iran peace deal. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a minor drop of Rs 25 or 1.11 per cent at Rs 1,52,891 per 10 grams against the previous close of Rs 1,52,916. It fell a bit further to touch an intraday low of Rs 1,52,827, a drop of Rs 89. However, it gained momentum am…
·India
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Coverage Details
Total News Sources40
Leaning Left2Leaning Right9Center4Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
13%
C 27%
R 60%
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