Spot gold touched $4,320/oz, up 0.62% intraday. Spot silver rose $1.00 to $64.67/oz, up 1.58% intraday.

The Financial Times reports the UK, Japan and Turkey are seeking agreement to bring their car industries under the EU's "Made in Europe" rules. The EU proposal would target public procurement and subsidies for electric vehicles and clean-energy technologies toward products manufactured in Europe and would require cars to be assembled inside the EU to qualify for support. Observers say the flagship policy marks a shift from free-trade toward protectionism and could exclude trading partners from certain EV subsidies and fleet measures, risking damage to jobs, production capacity and non-EU automakers' businesses.

Turkey's foreign minister said the country has stepped up efforts to bolster Black Sea security.