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Gold prices fell as investors focused on higher US rates rather than geopolitical relief. The Federal Reserve held its policy range at 3.50% to 3.75%, while the updated projections showed the median end-2026 funds-rate view at 3.8%.
Airline and cruise stocks advanced as crude prices fell and fuel-cost pressure eased across the travel sector. The move followed the US-Iran agreement and renewed expectations that oil flows through the Strait of Hormuz would gradually improve.
European electric vehicle sales jumped as fuel prices rose during the Iran war, giving automakers a demand boost after a difficult period for the sector.
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