U.S. and Iran reach agreement document; Japanese stocks hit new record highs; oil prices surge then retreat; gold prices rebound
Substantial progress in US-Iran negotiations has pushed Asian stock markets higher, oil prices down, and gold prices rebounding. Global markets are searching for a new balance as geopolitical risk is repriced.
On Monday, the MSCI Asia Pacific Index rose by over 1%, the Nikkei 225 hit a historic intraday high,