Foreign media reported the UAE issued a cellphone alert warning residents of a possible missile threat; minutes later authorities sent a cancellation saying the situation was secure. The alerts briefly pushed U.S. and Brent crude futures up nearly $1

International News 1. Citi strategists say it's too early to declare the end of AI trading. 2. Strong semiconductor demand is expected to drive stronger export growth in South Korea in June. 3. Gold's "depreciation trading" advantage has run its course; Saxo Bank advises investors to sell as much as possible. 4. Barclays: Tokyo inflation data is expected to pave the way for a Bank of Japan rate hike. 5. Institutions: Global central banks will continue to increase their gold holdings; gold still has room to rise this year. 6. Deutsche Bank: Lowered its Q3 gold price forecast by 20% to $4,300. 7. Deutsche Bank: US PCE data led the market to reduce its bets on a Fed rate hike. 8. Counterpoint: Apple's entry into the foldable screen market is expected to push up market prices. 9. Invesco: Gold has priced in a "tightening trend," but not "real yield." 10. Macquarie: Lowered its year-end gold price forecast to $4,300, predicting gold will decline annually from next year until 2030. 11. Capital Economics: Fed rate hike expectations are pushing up real yields; gold prices may fall to $3,500 by the end of this year. Domestic: 1. CITIC Securities: Strongly bullish on the electronics sector's future performance. 2. CICC: The gold bull market is not over; a turnaround may be imminent. 3. CITIC Securities: The dollar index is expected to find support this year, but sustained highs are unlikely. 4. CITIC Securities: Looking ahead to 2026-27, the banking sector is entering the tail end of a risk cycle. 5. China Semiconductor Industry Association: The integrated circuit industry deviated from traditional cyclical characteristics in the first quarter. 6. Galaxy Securities' outlook for the machinery industry in the second half of the year: Focus on the growth theme related to AI-related technologies. 7. Guolian Minsheng Securities: The supply-demand gap will remain rigid; the chemical industry may usher in a long-term fundamental bull market.

At the 02:30 close, Shanghai gold front-month contract rose 1.17% to 887 yuan/gram; Shanghai silver front-month contract rose 1.24% to 14,237 yuan/kg; SC crude oil front-month contract rose 2.29% to 479 yuan/barrel.