U.S.–Iran Ceasefire Hopes Shake Markets: Gold Holds Above $4,500 | MDM Daily News 27 May 2026

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[00:00:02][music] >> Hello and welcome to Midas Markets daily news.

[00:00:09]Let's kick off your trading day with the latest financial news and market headlines.

[00:00:15]Hi trader, this is Jason with a market update. The US dollar index opened the week with a slight downside gap and is now trading near 99 as reports of progress in US Iran talks weighed on safe haven demand.

[00:00:28]Trump said key terms of peace deal were largely agreed but later stressed there was no rush.

[00:00:34]If the Strait of Hormuz reopens soon, lower oil prices could ease inflation pressure and shift expectations back toward a more dovish Fed outlook.

[00:00:45]WTI crude is holding near $92 after dropping more than 6% in the previous session.

[00:00:52]Prices remain under pressure as markets price in the possibility of a US Iran agreement that could extend the ceasefire and reopen the Strait of Hormuz.

[00:01:03]However, unresolved issues around Iran's [music] nuclear program and control of the Gold is trading above $4,500 after gaining around 1% in the previous session.

[00:01:22]The market is reacting to signs that the US and Iran may be moving closer to a deal that could ease tensions and reopen the Strait of Hormuz.

[00:01:30]At the same time, falling oil prices are reducing inflation fears which may [music] limit expectations for further rate hikes and provide short-term support for gold.

[00:01:47]Yen edged higher during the Asian session with buyers waiting for a firm break above 159 [music] before positioning for further upside.

[00:01:54]The The remains supported by a resilient US dollar, sticky inflation, and hawkish Fed expectations.

[00:02:02]Meanwhile, the yen is under pressure as Japan faces potential economic stress from any prolonged disruption to Middle East energy supplies.

[00:02:15]Euro opened the week with a bullish gap supported by renewed optimism over a potential US-Iran peace agreement.

[00:02:22][music] The pair recovered toward the mid-1 1.16 area as safe-haven demand for the dollar weakened.

[00:02:30]However, traders should remain cautious as hawkish Fed expectations may still limit further upside and prevent the euro's rebound from developing into a stronger trend.

[00:02:44]We hope you enjoyed today's market outlook.

[00:02:46]If you have any questions, feel free to leave a comment below.

[00:02:49]Remember to join us tomorrow morning for the freshest news.