Global stock markets were mixed on Friday, with Asia-Pacific bourses largely closing lower, as investors assessed the durability of a U.S.-brokered peace agreement with Iran. U.S. stock and bond markets are closed for the Juneteenth public holiday. Futures markets will continue to operate, but with limited hours, with equities trading halted at 1:00 p.m. E.T. Japan’s benchmark Nikkei 225 rose 0.28% to close at 71,250.06 after hitting a record high on Thursday, while the Topix lost 0.57% to end the trading day at 4,044.96. South Korea’s Kospi dropped 0.13% to close at 9,052.42, pulling back after crossing the 9,000 mark for the first time Thursday, while the small-cap Kosdaq declined 3.43%. Australia’s benchmark S&P/ASX 200 was down 0.92%, ending the trading day at 8,828.7. The U.S., China, Hong Kong, and Taiwan markets are closed for a holiday. Oil prices turned lower after Israel and Iran-backed Hezbollah agreed to a ceasefire from 4 p.m. local time on Friday (9 a.m. ET), a U.S. official told CNBC. The report comes shortly after follow-up talks between the U.S. and Iran in Switzerland were abruptly called off, underscoring lingering uncertainty over efforts to turn an interim agreement into a lasting peace settlement. International benchmark Brent crude futures for August were last seen 1% lower at $79.02 per barrel, erasing earlier gains, while U.S. West Texas Intermediate futures for July traded 0.8% lower at $75.96. Both contracts were on track for a weekly loss of about 8%. Gold prices fell on Friday and were on track for a third consecutive weekly decline, as a stronger dollar and hawkish signals from the U.S. Federal Reserve weighed on the non-yielding metal. Spot gold was down 0.6% at $4,184.33 per ounce, as of 0211 GMT. The contract was down 0.9% so far this week. U.S. gold futures for August delivery fell 1% to $4,202.10. The dollar hovered around a one-year high, making greenback-priced bullion more expensive for other currency holders. “Gold’s rally on the back of the U.S.-Iran peace deal proved short-lived. The resurgent dollar, powered by the Fed’s newly hawkish tone under Kevin Warsh, has stolen the spotlight,” said Tim Waterer, chief market analyst at KCM Trade.