European Luxury Surges on the Iran Deal; Gold and Silver Rally; Ferrari and US Names Pull Back

June 12: European Luxury Surges on the Iran Deal; Gold and Silver Rally; US Names Pull BackEuropean luxury surged on hopes of a US–Iran peace deal, gold and silver rallied hard, Rolex raised its prices again, and the US-listed names pulled back — capping a whipsaw week.In this episode:Luxury Equities — The Close- European luxury rallied ~3.5% across the board on US–Iran peace-deal hopes; European stocks ended the week near a record high- LVMH (MC) 511 EUR +3.5%; Kering (KER) 268 EUR +3.5%; Hermès (RMS) 1,697 EUR +3.3%; Richemont (CFR) 179 CHF +3.0%; Swatch (UHR) 209 CHF +3.6%; Burberry (BRBY) 1,176p +3.3%; Watches of Switzerland (WOSG) 713p +1.1%US Names — A Pullback- The US-listed names gave back some of yesterday's gains: Ferrari (RACE) $355, −2.9%; Signet (SIG) $90, −1.6%; Zegna (ZGN) −1.3%- After yesterday's +9% surge on the Frasers takeover approach, Hugo Boss (BOSS) eased −0.7%, to ~€40Gold, Silver & Rolex- Gold +3.7% (~$4,240/oz); silver +6.6% (~$68)- Rolex has raised the prices of its gold watches again, and demand from wealthy buyers has not slowed (Reuters) — the metal rally feeding straight into the watch marketThe Tape- A risk-on day: Wall Street rose on US–Iran peace-deal hopes and SpaceX's historic market debut; oil fell on speculation the Strait of Hormuz will reopen. The week ran from the year's worst session (Wednesday) to luxury near record highsSector Snapshot (close / prior / change)- LVMH (MC.PA): EUR 510.60 / 493.20 (+3.5%)- Kering (KER.PA): EUR 268.35 / 259.20 (+3.5%)- Hermès (RMS.PA): EUR 1697.00 / 1643.00 (+3.3%)- Richemont (CFR.SW): CHF 178.90 / 173.65 (+3.0%)- Swatch (UHR.SW): CHF 209.30 / 202.00 (+3.6%)- Burberry (BRBY.L): 1175.5p / 1137.5p (+3.3%)- Watches of Switzerland (WOSG.L): 712.5p / 705.0p (+1.1%)- Hugo Boss (BOSS.DE): EUR 39.50 / 39.76 (-0.7%)- Frasers (FRAS.L): 792.0p / 779.0p (+1.7%)- Ferrari (RACE): USD 354.91 / 365.62 (-2.9%)- Signet (SIG): USD 90.25 / 91.75 (-1.6%)- Zegna (ZGN): USD 14.70 / 14.90 (-1.3%)- Gold (GC=F): USD 4239.90 / 4090.30 (+3.7%)- Silver (SI=F): USD 68.12 / 63.88 (+6.6%)(Prices: Yahoo Finance v8, all closes final after the 4 PM ET bell, June 12; prior = June 11 close.)Week Ahead- June 13: Bonhams National Automobile Museum (Reno) + Phillips New York Watch Auction- June 15: Sotheby's Important Watches- June 17: RM Sotheby's Sealed (with a 1969 Lamborghini Miura) closesLinks:- ALT/FNDATA: https://www.altfndata.com- Luxury stocks spike on the Iran deal (CNBC): https://www.cnbc.com/2026/06/12/luxury-stocks-lvmh-hermes-burberry-iran-war-peace-deal.html- European stocks near a record high (Bloomberg): https://www.bloomberg.com/news/articles/2026-06-12/europe-stock-futures-gain-as-trump-comments-push-brent-below-90- Wall Street rises on Iran hopes + SpaceX debut (Investing.com): https://www.investing.com/news/economy-news/wall-st-futures-rise-on-mideast-deal-hopes-spacex-debut-in-focus-4739263- Rolex raises gold-watch prices again (Reuters): https://news.google.com/rss/articles/CBMitAFBVV95cUxQVG9zeTZaVGg0NEFvaExyel8zSGlIZlRwSm1icWlURC1tX05IVF9OdFFLQnFuZWhKREZzaEFjdmJmSjFHaHNsMm5TWWJycXExSGdqMmx0R0thNUowY25UblZDQ0xBRnN2bElpdUlweGg2VlhVQzFyWVZHVDhRd0lYbkZkelRKdGVnUjkzYjhZZnJIRVg1V0I3YXhwY2RNelRhWEQwbVNtNllWdTVMbF9mWm13bjM?oc=5- Prices: Yahoo Finance — https://finance.yahoo.comAlso from ALT/FNDATA:- Open Bid — Mon-Fri at 6 AM ET- Art Market — Tuesdays