President Trump said claims that Iran is much stronger now than four months ago are "fake news", asserting Iran is eager to reach a deal and has offered substantial concessions.

Spot gold fell more than 1% intraday to $3,986.02/oz. Spot silver dropped over $2 intraday to $55.83/oz, down 3.47%.

June 25 — China's Ministry of Finance sold €5.0 bln of euro sovereign bonds in Luxembourg: €2.5 bln 5-year at 2.768%; €1.5 bln 8-year at 2.966%; €1.0 bln 12-year at 3.212%. The transaction drew total orders of €24.8 bln (~5x cover). Investor geography: Asia 51%, Europe 28%, Middle East 18%, US offshore 3%. Investor types: sovereigns 24%, banks 57%, asset managers 17%, dealers 2%. Bonds will be custodied in the Hong Kong Monetary Authority’s Central Moneymarket Unit (CMU) and listed on the Hong Kong Stock Exchange and Luxembourg Stock Exchange.