Spot gold touched $4,000/oz intraday, up 0.60% on the day.

On the 16th, Brazil foreign minister Vieira said the U.S. move to impose 25% tariffs on certain Brazilian imports has no factual basis and is politically motivated, calling the Section 301 investigation under the Trade Act of 1974 a unilateral U.S. procedure and the measures unacceptable. Vice President Alckmin said the tariffs are unfair and baseless, adding that U.S. data over the past 15 years show a trade surplus with Brazil and that the Section 301 rationale rests on false grounds.

Starlink says V3 satellites will significantly boost capacity, data density and power generation, enabling it to deliver higher-quality high-speed internet to more users worldwide.