Hungary's prime minister magyar said the government will discuss preliminary 2026 budget figures this weekend.

As of end-June, FxEmpire analyst Arslan Ali says two forces are providing structural support for precious metals: ongoing official buying and tight new-mine supply. Central banks have been diversifying reserves and increasing gold holdings to hedge high public debt and shifting monetary-policy risk, creating a relatively independent, persistent source of demand. New-mine output for gold and silver remains constrained: gold production has not meaningfully increased since its prior peak due to aging mines and rising extraction costs; silver faces similar supply pressure but is partially offset by byproduct output from other metals. On the demand side, silver’s industrial use remains strong—notably in photovoltaic (PV), electronics and electric-vehicle (EV) manufacturing—reinforcing structural upside amid the energy transition; silver also retains monetary-asset attributes. Investor demand from ETFs and physical holdings provides an additional stable base for both metals.

Press TV reported President Trump has again ordered that Iraqi oil revenues under US control be deposited into an account at the Federal Reserve Bank of New York. The directive cites Executive Order 13303, first signed after the 2003 US military action and renewed annually on national security grounds. The White House issued no press release; Trump sent a formal notice to Congress on May 4. In the notice he said “obstacles to Iraq’s orderly reconstruction, restoration and maintenance of domestic peace and security, and the development of political, administrative and economic institutions continue to pose an extraordinary and significant threat to US national security and foreign policy. Accordingly, the order must remain in effect after May 22, 2026.”