Oil and dollar fall on hopes for Middle East peace; Dow hits record high

Growing hopes for peace in the Middle East revived risk appetite in global markets. Oil fell on the day, and the dollar also weakened. Gold rose amid these developments.

In Asian trading, Tokyo stocks set a record high. Investors bought shares on news of easing geopolitical risks in the Middle East. Gains were seen across listed sectors.

Risk appetite continued in the U.S. session as well. New York stocks closed higher, and the Dow hit a record high. Individual sectors had mixed performances.

In energy markets, oil prices fell. Some downward pressure was placed on the share prices of oil producers. News related to crude oil supply and demand drove price movements.

The dollar weakened in foreign exchange markets. The weaker dollar affected companies with a large share of overseas earnings and currency crosses. At times, Asian currencies also posted relative gains.

Gold rose as safe-haven demand combined with currency weakness. Investors factored in both the easing of geopolitical risks and currency movements. Market participants are watching for progress in future negotiations.