Canada's trade minister said Canada and Japan are collaborating on mining projects, including possible joint reserves.

Fitch’s BMI commodities research unit keeps its 2026 gold average forecast at $4,600/oz and expects the Federal Reserve to take no rate action this year. BMI says the Fed’s earlier hawkish tone raised rate expectations and creates material downside risk for gold, but if inflationary pressure linked to the Middle East conflict fades as the recent US–Iran agreement eases tensions, the most likely outcome is rates remaining unchanged for an extended period. Near-term gold moves will be driven by Fed policy signals; precious metals are vulnerable to repricing and a stronger dollar.

President Trump has requested $11.1 bln from Congress in emergency aid for struggling farmers, submitted as part of a supplemental appropriations package that includes defense spending. The proposal would allocate $10 bln for corn, soybean and rice growers and $1.1 bln for Florida producers hit by winter storms in late 2025 and early 2026. This would be the farm sector's second bailout this year; the funds remain subject to congressional approval.