The US Senate passed a bill to fund immigrant deportation operations through 2029 and sent it to the House for consideration.

World Gold Council says parts of the physical gold market have weakened: India and South Korea trading at discounts, Japan showing sporadic selling, and global gold ETF inflows weak in May. With the Strait of Hormuz standoff ongoing, official holders could intermittently conduct gold swaps or sales. Near-term biggest risk is the energy market—oil is driving inf expectations and bond-yield moves. If inventories fall and energy prices spike, yields would likely rise first, lifting the USD and extending gold's current weakness, with any longer-term safe-haven response to come later.

WFP acting executive director warned the Middle East crisis is spilling into global food security by pushing up energy and food prices; if it persists about 45 million people could face hunger. He cited rising food and fuel costs and chronic underfunding of humanitarian and development aid; with East Africa entering planting and rainy seasons, fertilizer shortages and higher operating costs could cut output and tighten supplies over the next 6-9 months, and the crisis’ long-term impact on food security may be more severe.