CITIGROUP raises its 0-3 month gold price target to $4,800/oz from $4,500/oz and maintains the 6-12 month target at $5,000/oz.

Nexperia China held a Shanghai product launch unveiling a full product lineup built on a 12-inch wafer process and highlighting localized supply‑chain buildout. The company said 12‑inch wafer capacity is ramping and reported 24‑hour network shipments of 17,919,236 units.

Israeli Prime Minister Netanyahu and Defense Minister Katz on the 23rd warned Hamas that if it does not immediately stop flying kites from the Gaza Strip into Israel, the Israeli military will intensify strikes on those responsible and evacuate residents in affected areas adjacent to Gaza. Israeli media reported at least four kites landed this weekend in kibbutzim near the Gaza border in southern Israel. The IDF said no suspicious items were found on the kites and they did not pose a public danger, but noted the incidents mirror earlier years’ incendiary kites and balloons that carried ignition devices and sparked fires in southern Israel.