Pakistan to continue mediation between US-Iran, adding that there "is no immediate danger" of the war resuming, Anadolu reports citing Pakistani sources

This statement from Pakistan suggests a stabilization of tensions between the US and Iran, marking a potential easing of geopolitical risk in the region. Given that there's no immediate danger of conflict escalating, market participants may view this as a positive signal, likely supporting risk assets while reducing demand for safe havens like gold or the USD. However, it's essential to remain cautious as geopolitical dynamics can shift rapidly.