At a closed-door meeting on Tuesday, Trump urged U.S. refiners to increase domestic gasoline and diesel production. Trump made it clear he wants to lower gasoline prices for Americans and asked company executives about ways to boost refining capacity, with discussions covering regulatory reform and additional investment. Refinery executives argued that federal requirements for blending biofuels, including quotas for alternative fuels, are driving up retail gasoline prices, and questioned the go

Trader: As oil prices surge, the Reserve Bank of India sold US dollars before market open to support the Indian rupee exchange rate.

Spot gold fell by 1.00% intraday to $4,284.70 per ounce; COMEX gold futures main contract last traded at $4,331.90 per ounce, down 1.47% on the day.

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%.