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%.

Spot gold has just surpassed the $4,320.00 per ounce mark, now quoted at $4,320.21 per ounce, down 0.18% on the day; the main COMEX gold futures contract is now quoted at $4,366.60 per ounce, down 0.68% on the day.

Spot platinum has just surpassed the $1,740.00/oz mark, now quoted at $1,740.22/oz, down 0.16% on the day; Nymex main platinum futures are currently quoted at $1,746.2/oz, down 1.14% on the day.

Zambia plans to follow Ghana's example in regulating small-scale gold mining, unlocking over 1.8 billion USD in economic value

Bank of Japan Policy Board Member Hajime Takata: Given the global trend of interest rate hikes, expansionary fiscal policies, and the situation in the Middle East, global interest rates are bound to rise.