Spot palladium declined 2.00% intraday to $1,288.87/oz.

ING analyst Francesco Pesole says EUR/USD has limited scope to extend recent gains unless clear signs of de‑escalation in the Middle East emerge. Rising natural gas prices — which have a larger negative impact on eurozone terms of trade than oil — will constrain any euro appreciation independent of other factors. He expects selling around $1.1500 and sees the rate more likely to stabilise within a range than to break higher at this stage.

Ukraine's deputy economy minister said on Odesa port that authorities will make every effort to keep guaranteed export volumes at last season's levels.