Gold prices rose more than 1% on Monday, as optimism for a breakthrough in U.S.-Iran peace negotiations weakened the dollar and eased oil prices, which softened the inflation outlook.
The dollar held around its lowest levels in a week in Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the U.S. played down the chances of reaching an agreement with Iran soon.
Iran’s foreign ministry spokesperson said on Monday that conclusions have been reached on many topics discussed in a potential memorandum of understanding with the U.S., but this does not mean Tehran is close to signing an agreement.
Stocks surged on Monday while the U.S. dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite, although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.
One man was killed and another injured while energy infrastructure was damaged in a missile and drone attack on Russia’s Belgorod region bordering Ukraine, local authorities said on the Telegram messaging app on Monday.
In a cluster of villages in Pakistan’s largely rural Chakwal district, more than 100 Shi’ite Muslims have returned from the United Arab Emirates without jobs, luggage or access to the savings they spent years building abroad.
The United States will either have a good agreement with Iran or deal with the country “another way,” Secretary of State Marco Rubio said on Monday, as Washington played down hopes for an imminent breakthrough in the three-month-old war.
When He Tingbo was put in charge of Huawei’s chip development in 2003, the young engineer was handed an annual budget of $400 million and a mandate that would eventually put her at the centre of China’s most consequential technology effort.
A look at the day ahead in European and global markets from Ankur Banerjee
Toshifumi Suzuki, the founder of Seven-Eleven Japan and widely regarded as the father of Japan’s convenience store industry, died of heart failure on May 18, Seven & i Holdings said on Monday. He was 93.