Woofun AI data shows spot gold surged $20 to trade at $4039.58 per ounce amid short covering activity. Simultaneously, international oil prices retreated, with WTI crude falling 1.69% to below $81 per barrel and Brent crude dropping 1.00% to $85.33 per barrel.

A senior Iranian official indicated that a mediator has proposed a 10-day ceasefire to explore pathways for restoring the interim agreement between Iran and the United States, contributing to the easing of geopolitical tensions.