Spot gold rose about $30 intraday to trade above $4,070/oz, up 1.58% on the day. Spot silver advanced just over $1 to $59.58/oz, up 1.75%.

Aluminium fell to its lowest since mid‑February as a stronger USD and easing Middle East tensions weighed on industrial metals. After a 16% drop in June — the largest single‑month fall since 2008 — losses extended. Cooling in the Middle East reduced supply concerns from a region that accounts for about 10% of global output; that squeeze had driven a March–May rally. The USD index rose for a second day and is up roughly 2.5% over two months, partly reflecting a firmer Fed stance and raising dollar‑priced commodity costs for most buyers.

Fed chair Kevin Warsh said there are reasons to be optimistic about productivity.