The S&P/TSX Composite Index rose 0.6% to close at 32,958 on Wednesday as global markets rallied amid signs of de-escalation in the Middle East. President Donald Trump and Secretary of State Marco Rubio reinforced expectations for a swift conclusion to the conflict with Iran which pulled crude futures down. Gold and precious metals mining stocks led the rise as Kinross Gold rose 4.6%, Wheaton Precious Metals added 4.1% while Barrick Gold and Agnico Eagle both climbed over 3%. Lower energy costs and a global retreat in the US dollar supported financial heavyweights as TD Bank and RBC gained 1.1% and 0.9% while National Bank of Canada jumped 2.4%. Conversely falling oil prices weighed on producers with Canadian Natural Resources sinking 4.7% and Suncor Energy declining 1.9% alongside a 1.5% drop for Imperial Oil. After logging a 4.55% decline in March the TSX started the second quarter on a positive note while investors await a national address from the White House.