Silver price registers gains of over 3% as the white metal reclaims the 200-day Simple Moving Average (SMA) of $68.59, on geopolitical news linked to the US-Iran conflict.

The US Dollar (USD) trades on the back foot against its major peers on Monday as traders trim safe-haven positions amid improving market sentiment after the United States and Iran agreed on a framework peace deal that would reopen the Strait of Hormuz.

Gold (XAU/USD) rallies by more than 3% on Monday after the US and Iran reached a deal to end their conflict, easing inflationary pressures amid falling Oil prices. At the time of writing, the XAU/USD pair trades at $4,351, after bouncing off daily lows of $4,218.

The AUD/USD pair rebounds near the 0.7080 region on Monday amid improved risk sentiment following reports of a preliminary United States (US)-Iran peace agreement. At the time of writing, the Australian Dollar (AUD) rises 0.46% against the US Dollar (USD), hitting its highest level in a week.

United States (US) President Donald Trump said on Monday that the Iran deal had been signed, adding that the Strait of Hormuz had fully reopened and that Oil prices were falling while stocks were rising. The President made the statement shortly after arriving in Evian, France, for a G7 meeting.

BNY’s Bob Savage reports that the U.S.-Iran agreement to reopen the Strait of Hormuz has significantly reduced immediate energy supply risks. This geopolitical de-escalation has lowered energy market stress and helped calm inflation concerns.

Ripple (RSI) edges higher at the time of writing on Monday, buoyed by a broader improvement in sentiment after the United States (US) and Iran confirmed a preliminary peace agreement, which is expected to take effect on Friday.

EUR/USD holds firm on Monday as the US-Iran peace deal boosts risk appetite, reducing safe-haven demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1598 after hitting an intraday high of 1.1662.

West Texas Intermediate (WTI) US Oil is falling sharply on Monday and trades around $79.15 at the time of writing, down 4.53% on the day.

The Pound Sterling advances by 0.31% on Monday as risk appetite improves following an agreement reached by the US and Iran, which will be signed on June 19 in Geneva, Switzerland.

The USD/JPY pair trades with a cautious tone as investors digest softer United States (US) industrial activity data while positioning for the Bank of Japan’s (BoJ) interest rate decision due on Tuesday.

NZD/USD trades around 0.5840 at the time of writing on Monday, up 0.17% on the day. The pair benefits from broad-based US Dollar (USD) weakness as markets welcome news of a framework agreement between the United States (US) and Iran aimed at ending the conflict between the two countries.

BNY’s Bob Savage emphasizes that, despite improved risk sentiment from geopolitical de-escalation, investors remain focused on central bank policy and global growth resilience.

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Monday as the Greenback's safe-haven demand fades after the United States and Iran reached a peace agreement aimed at ending the war in the Middle East. At the time of writing, USD/CHF trades around 0.7923, down 0.60% on the day.

United States NAHB Housing Market Index registered at 35, below expectations (36) in June

United States Industrial Production (MoM) came in at 0.1% below forecasts (0.3%) in May

United States Capacity Utilization meets forecasts (76.2%) in May

Bitcoin (BTC) shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.

In an interview with CNBC on Monday, United States (US) Vice President JD Vance said that they expect the Strait of Hormuz to be "open toll-free in the long term," per Reuters.

Gold (XAU/USD) starts the week on a positive note, rising more than 2.5% after the United States (US) and Iran reached a framework agreement to end the war in the Middle East.

Canada Wholesale Sales (MoM) above expectations (0.1%) in April: Actual (0.6%)

United States NY Empire State Manufacturing Index below expectations (14) in June: Actual (5.7)

Silver (XAG/USD) trades around $70.70 at the time of writing on Monday, up 3.94% on the day. The white metal is extending its rebound and benefiting from a backdrop marked by a weaker US Dollar (USD) and expectations surrounding the upcoming Federal Reserve (Fed) meeting.

Esmail Baghaei Hamaneh, the Spokesperson for the Ministry of Foreign Affairs of Iran, said on Monday that respecting sovereignty and territorial integrity of Lebanon is a part of the interim agreement with the United States (US).

Canada Housing Starts s.a (YoY) came in at 261.4K, above forecasts (255.1K) in May

MUFG’s Lee Hardman highlights that Oil prices have fallen back toward USD80 per barrel as markets anticipate normalized flows through the Strait of Hormuz after the US-Iran agreement.

BNY’s Bob Savage notes that the Japanese Yen is in focus as FX markets react to geopolitical de-escalation and shifting risk sentiment. The reopening of the Strait of Hormuz has supported risk assets, but investors remain attentive to policy divergence involving JPY, KRW and USD.