Spot gold extended gains, touching $4,220/oz and rising 1.55% intraday. Spot silver climbed above $67/oz, up 3.40% on the session.

Foreign ministers of Egypt, Pakistan, Saudi Arabia and Turkey met in Cairo on the 21st and issued a joint statement saying the US‑Iran conflict poses significant risks to regional security, international energy markets, maritime trade routes, global supply chains and international trade. They welcomed the recent US‑Iran memorandum of understanding as a constructive step toward de‑escalation and urged all parties to honor commitments. The ministers said the US and Iran should sustain current momentum, promptly complete next‑stage talks and agree a durable, verifiable and mutually acceptable solution that addresses regional states' concerns.

Israeli military radio and multiple media report Israel has significantly altered its military posture in southern Lebanon, imposing an unprecedented tightening of rules of engagement.