TSX hits record high as US-Iran deal boosts gold miners

Canada's TSX index hit a record closing high of 35,275.64, up 1%, led by a 5.2% surge in materials/gold mining shares after a preliminary US-Iran deal eased Middle East tensions. Crude oil prices fell 4.9% to $80.75/barrel on the planned reopening of the Strait of Hormuz, while gold and copper prices climbed. Wall Street also gained as easing inflation fears supported sentiment ahead of the Fed's two-day policy meeting.