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Oil prices fell after Donald Trump that Washington and Tehran are "in negotiations right now" and indicated Iran is keen to reach a peace agreement.
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Frederiksen had sought to capitalize on popular support after standing up to Trump's push to annex Greenland, a self-governing Danish territory.
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The order gives President Trump more military options as he considers diplomacy with Iran. It is unclear where the soldiers will go in the Middle East.
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Gold climbed as declining oil prices helped temper worries over persistent inflation following reports that Washington is working on a proposal to bring an end to the Middle East conflict.
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"Operation Epic Fury continues unabated" to achieve President Donald Trump's military objectives, White House press secretary Karoline Leavitt said.
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Investors reacted to signals of possible de-escalation of the war in the Middle East.
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Emily Gregory's victory brought the Democratic surge to President Trump's backyard, Palm Beach, just weeks after her party won the mayor's race in Boca Raton, 30 miles south.
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Mette Frederiksen's party fell far short of a majority, but analysts say she is still in the best position to form a new government.
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While the president has promised rapid relief, Americans could feel the financial sting of the conflict for some time after it ends.
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Emily Gregory's projected victory comes in a legislative district which a Republican candidate won by 19 percentage points in 2024.
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President Donald Trump said that peace negotiations with representatives from Iran were ongoing: "They want to make a deal so badly."
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