According to CME's "Fed Watch", after the Bureau of Labor Statistics released unemployment data this week, there is a 70% probability that the Federal Reserve will cut interest rates by 25 basis point

Spot platinum has just broken through the $1,720.00/oz level, last quoted at $1,719.61/oz, down 1.34% on the day; Nymex platinum futures main contract last quoted at $1,728.9/oz, down 2.12% on the day.

Market news: Documents show that Honda plans to cut costs by 1.5 trillion yen (approximately $9.4 billion) by 2030, and has asked suppliers for significant price reductions. Honda aims to reduce the costs of some key components—including those for software-defined vehicles—by 30%.

The Singapore dollar faces dual pressures from rising oil prices and interest rate hikes, with Asian currencies under short-term pressure.

Spot gold: range-bound volatility, sell at highs and buy at lows