Shanghai Gold Exchange gold T+D closed up 0.95% at 885.59 yuan/gram in the July 14 evening session. Shanghai Gold Exchange silver T+D closed up 2.45% at 14,405 yuan/kg.

Singapore Q2 GDP rose 1.1% QoQ, in line with the 1.1% consensus and up from 1.0% in Q1.

ING analyst Francesco Pesole says EUR/USD is receiving support from a re-narrowing of the US–euro area short-term interest rate differential amid renewed US–Iran tensions. Softer market bets on ECB tightening have left scope for euro-area short-end rates to firm, underpinning the euro. However, a sustained rise in oil/energy prices could limit that upside. Given recent ECB policymaker caution and the adverse terms-of-trade impact from higher energy costs, markets are unlikely to price in more than two ECB hikes by year-end.