Trump said that Tehran is not required to reach an agreement for the conflict to de-escalate. He is expected to address the nation later in the day with an update on the situation.
Global equity and bond markets strengthened on hopes that tensions in the Middle East could ease.
“Should geopolitical tensions de-escalate further, then expectations for Fed easing could return. In such a scenario, real yields can ease, providing support for gold,” said Christopher Wong, a strategist at OCBC.
