Shanghai Gold Exchange July 21 evening session: Gold T+D closed up 0.87% at 889.96 yuan/gram; Silver T+D closed up 2.19% at 14,360.0 yuan/kg.

U.S. President Trump said Iran may try to influence the election via the Strait of Hormuz.

Middle East conflict has disrupted supply, forcing Pakistan and Bangladesh to pay multi-year highs for spot LNG. Trading sources said Pakistan’s state LNG company on Monday bought a cargo at about $21.88/MMBtu, the highest since 2022. Sources said Bangladesh’s state buyer paid an even higher price last week for at least one August cargo. Those spot prices are roughly double the cost under their long-term Qatar supply contracts.