Financial Times reports Prime Minister Starmer has pledged to add at least £1bn in additional funding to UK defence.

Fitch’s BMI commodities research unit keeps its 2026 gold average forecast at $4,600/oz and expects the Federal Reserve to take no rate action this year. BMI says the Fed’s earlier hawkish tone raised rate expectations and creates material downside risk for gold, but if inflationary pressure linked to the Middle East conflict fades as the recent US–Iran agreement eases tensions, the most likely outcome is rates remaining unchanged for an extended period. Near-term gold moves will be driven by Fed policy signals; precious metals are vulnerable to repricing and a stronger dollar.

The UAE said that after issuing a potential-threat alert, the situation is now secure.