Palestinian media reports Israeli warplanes launched two raids on Khan Yunus in the southern Gaza Strip, according to Sky News Arabia
The news of Israeli airstrikes on Khan Yunus in Gaza could heighten geopolitical tensions in the region, which tends to impact safe-haven assets like gold and the USD.
South Korea's Industry Minister Kim states that consultations with the US on tariffs and trade agreements will continue
PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) made a large-scale investment in a US startup developing AI software for robot control, Japanese markets are closed for the Emperor's Birthday
Palestinian media reports Israeli warplanes launched two raids on Khan Yunus in the southern Gaza Strip, according to Sky News Arabia
[MARKET UPDATE] Precious metals advance in early trade with spot gold up around 0.5% and gets a firmer footing above USD 5100/oz, while spot silver leads the advances with gains of 1.4%
[MARKET UPDATE] US equity futures open slightly softer, while oil prices are lower by around 1% amid trade uncertainty after US President Trump announced to raise the global flat-rate tariff to 15% from 10% in response to the SCOTUS decision on tariffs
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Traders should watch for volatility in currencies and commodities, particularly in oil markets, as escalating conflict often leads to price spikes due to supply concerns.
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