Philadelphia Semiconductor Index extends gains to over 5%, hits fresh record high.

Gold rose in the Asian session after a temporary US-Iran ceasefire, which could help normalize oil supply and ease energy-driven inflation concerns. Since end-February the metal has fallen more than 20% as higher energy prices and supply-chain disruption lifted expectations for higher interest rates; safe-haven flows into the dollar intensified pressure. ANZ analysts say the conflict has strengthened structural reasons to increase gold allocations, citing geopolitical fragmentation and reduced confidence in bonds as a reliable portfolio diversifier.

EU Commission President Von der Leyen said AI models present opportunities but also raise risks.