The Kremlin thanked Melania Trump for contributing to a humanitarian agreement on Oleshky and said Russian and Ukrainian militaries are setting a ceasefire date for the area.

Precious metals fell broadly. Short-term moves in the USD index and U.S. Treasury yields will dominate price direction; the October Fed meeting and international oil will be the main upstream drivers. Huishang Futures says the pullback is driven by rising Fed rate-hike expectations and concentrated long liquidations: stronger U.S. jobs and inflation data have repriced a higher-for-longer policy path, lifting real yields and the dollar and raising the carrying cost of non-yielding metals. Fading geopolitical risk premia and weaker industrial demand have amplified silver’s decline. Jinrui Futures attributes the rout to a reversal in the macro rate backdrop and trade-driven deleveraging: deteriorating financial conditions set the common downwards direction, while differences in market liquidity, investor structure and industrial demand explain cross-commodity dispersion. After the prior sharp correction, a technical rebound is possible, but any sustained recovery depends on the subsequent paths of U.S. yields and the USD.

President Trump, speaking on Iran, said the question is whether the U.S. should finish the matter now or let it wither on its own.