Gold Gains as Prospects of Iran Deal Temper Inflation Concerns

On 25 May 2026, financial markets moved on hopes for a US-Iran peace deal. Japan's Nikkei index closed at an all-time high, passing 65,000 for the first time, and Germany's Dax rose above 25,000 points for the first time since the start of the war in Iran. Gold gained as progress toward an Iran deal eased inflation concerns, and stocks rose toward a record.

Oil prices fell below $100 a barrel to a two-week low as the US and Iran were seen moving closer to a deal. Reuters, however, reported that the global oil price gained 3% as US military strikes on Iran added to uncertainty about the deal. Al Arabiya wrote that the war on Iran has set off a multi-sided global energy crisis.