Shanghai Gold Exchange gold T+D closed up 1.55% at 908.0 yuan/gram on Friday, June 12; silver T+D closed up 3.09% at 15,800 yuan/kg.

European equities closed higher on Friday, June 12. Germany's DAX rose 1.71% to 24,624.36; the UK's FTSE 100 gained 1.64% to 10,472.43; France's CAC 40 climbed 1.83% to 8,350.87; the Euro Stoxx 50 advanced 2.07% to 6,182.36; Spain's IBEX 35 jumped 2.66% to 18,777.42; Italy's FTSE MIB added 1.99% to 51,510.50.

University of Michigan preliminary June consumer sentiment rose to 48.9 from May's record low 44.8, above economists' 46 forecast. One-year ahead inf expectations eased to 4.6% from 4.8%; 5–10 year expectations fell to 3.4% versus last month. Recent declines in gasoline prices—still above pre-war levels—relieved some pressure on household finances, with low-income households showing marked improvement. Overall sentiment remains historically weak amid the Iran war and the associated inf surge. Survey director Joanne Hsu said gasoline prices remain broadly unacceptable and continue to weigh on consumers' economic views.