Asian markets opened higher with gold prices rising as market hopes for an early end to the US-Iran conflict.

Gold rose in early trading, as the market hopes that the US-Iran conflict will end soon, which could lead to a decrease in oil prices and a slowdown in inflation. Spot gold rose by 0.5% to $4,782.49 per ounce. Analysts at ANZ Bank's research department stated in a research report that these hopes have prompted traders to reduce bets that central banks will raise interest rates to curb inflation risks caused by the conflict. They added, "They are now focusing on the impact of this conflict on economic growth."