Spot gold fell to $4,300/oz, the lowest level since March 23.

Axios reports a senior U.S. official and an Israeli source said Trump told Netanyahu on Sunday to refrain from retaliating for Iran’s missile attack to give diplomacy more time. The U.S. official said Trump urged a pause because “we are close to a good deal,” and that Netanyahu raised objections but ultimately “reluctantly agreed” to hold fire. The official described the call as calmer than last week’s exchanges and said the administration believes the president bought time and that Israel is unlikely to strike immediately; the official quoted the president as saying the U.S. has “spent three months on this” and it is time to finish it.

cenc automatic determination: at 07:37 on June 8 an earthquake of about magnitude 8.2 occurred near the Philippine Islands; final magnitude subject to cenc's official rapid bulletin.