Spot silver falls more than 1.00% intraday to $60.21/oz.

Prime Minister Meloni said Italy will press for greater fiscal flexibility at this week’s EU summit to alleviate consumer and energy price pressures.

Deutsche Bank analysts say Singapore core inflation is forecast at 2.0–2.5% YoY over the next 12 months, above the MAS's informal sub-2% target, which could prompt the central bank to allow further Singapore dollar appreciation. Deutsche Bank expects MAS at Wednesday's monetary policy meeting to modestly steepen the appreciation slope of the S$NEER policy band to curb inflation. Analysts note Q4 electricity prices are expected to fall about 10% QoQ, partly easing pressure, but rising food prices and stronger goods-to-services pass-through should keep overall price pressures elevated.