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US-Japan yen intervention is also a tug of war

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US-Japan yen intervention is also a tug of war

NEW YORK — A pointed question now hangs over global markets as the US Treasury links arms with Japan to confront yen bears: who actually holds the leverage — Washington or Tokyo?

Treasury Secretary Scott Bessent plainly wants his Japanese counterpart, Finance Minister Satsuki Katayama, to treat this joint intervention as a privilege — to feel humbled, even, that President Donald Trump deems Japan worthy of American support as the yen hits 40-year lows.

Trump casts the first US–Japan currency operation since 2011 as a “signal of friendship,” a gesture he claims will lift economies everywhere. And it’s true: violent yen swings can be brutally destabilizing. Few financial accelerants are more explosive than the “yen carry trade,” a strategy that has vaporized more than a few hedge funds.

Two decades of near‑zero rates turned Japan into the world’s creditor nation. Investors borrowed cheaply in yen to chase higher yields abroad — inflating Argentine bonds, South African commodities, Indian real estate, the New Zealand dollar, derivatives on New York exchanges, even cryptocurrencies. When the yen snaps, those trades unwind at warp speed. Markets zig when the yen zags. Bessent, a former hedge‑fund executive, knows this dynamic intimately.

Yet while Trump suggests he’s doing Prime Minister Sanae Takaichi a favor, Washington should remember who holds the mortgage. Japan is the largest foreign holder of US Treasuries — nearly US$1.2 trillion.

That exposure cuts both ways. It’s a massive liability to have so much national wealth tied to a currency Trump’s policies are threatening to undermine — including efforts to bend the Federal Reserve toward political control. But Tokyo also understands the influence that comes with being America’s biggest banker. Team Bessent has roughly 1.2 trillion reasons to keep yen volatility in check.

The timing could hardly be worse. A Middle East war involving US forces is pushing oil prices higher. AI‑driven equity valuations are at nosebleed levels. The so-called “bond vigilantes” are forcing Treasury yields upward. In this environment, even a hint that Japan might unload Treasuries would be costly. Traders call it “mutually assured destruction”: A sell‑off would hammer Japan’s exporters and send global rates soaring.

It’s also entirely unclear that the first US-Japan joint intervention in 15 years might work. One reason: both the Japanese and US sides of this trade seem to be acting out of optics more than out of a determination to commandeer markets. This includes the US selling euros to buy yen, not dollars.

It’s a good bet this intervention was massive and may have surpassed an already huge intervention back in April, says Robin Brooks, economist at the Brookings Institution. “On the surface, that may give the impression that this intervention will be more impactful than past efforts, but US participation raises more questions than answers, especially the very odd news that the US sold euros to buy yen,” Brooks says.

Brooks adds that “this kind of twist, in my opinion, undercuts the efficacy of US participation, because it invariably will have markets wondering why the US didn’t just fund yen buying out of dollars. Foreign exchange intervention is a confidence game. The last thing you want is to give markets any kind of reason to ask questions.”

And clearly, unless the Bank of Japan finds the courage to hike rates above the current 1%, yen bears have every reason to doubt Tokyo’s sincerity about boosting the yen. It’s one thing for the US and Japan to call the yen “substantially undervalued,” says Louise Loo, head of Asia economics at Oxford Economics. It’s another thing for central banks to do something about it.

Still, Takaichi’s patience with Trump World is thinning. Late last month, Trump slapped new tariffs — 10% to 12.5% — on 60 trading partners, including Japan, supposedly a “friend.” Tokyo was stunned.

Takaichi’s government has been working in good faith to assemble the US$550 billion “signing bonus” Trump demanded in exchange for lower tariffs. Japan has been coordinating with JPMorgan and other US banks to structure the financing. Domestic banks, though, are wary: their funding base is in yen, making it expensive to raise large pools of dollars for long‑dated infrastructure projects.

The Liberal Democratic Party has every reason to feel underappreciated by a US president who is alienating allies at speed. And Japan sits directly in the blast radius of Trump’s geopolitical gambits. The country imports 95% of its oil from the Middle East, making it acutely vulnerable to the conflict now driving global energy prices higher — and to any spike in US Treasury yields.

For all Trump’s bluster about trashing the Fed’s credibility or undermining the dollar, his White House must know that another LTCM‑style crash could be catastrophic. LTCM’s 1998 collapse was partly triggered by surging Treasury yields.

Youtube video

A repeat — driven by tariffs, inflation, or a clash with China — could make the 2008 Lehman crisis look tame.

James Carville captured the mood in the early 1990s when he quipped that he’d like to be reincarnated as the bond market: “You can intimidate everybody.” Back then, debt investors reacted sharply to even small shifts in Washington’s fiscal debates.

Today, with US debt approaching unthinkable levels, inflation elevated and population growth slowing, Asia has valid reasons to worry about Washington’s fiscal health. Trump’s Republican Party has abandoned any pretense of fiscal discipline. Congressional disarray is worse than in 2011, when S&P stripped the US of its AAA rating — a move that validated then‑Chinese Premier Wen Jiabao’s warnings about safeguarding China’s vast dollar holdings.

At the time, US debt was under US$12 trillion — less than half today’s level. Beijing ultimately concluded that the US had more to lose from a financial crisis than China did.

Japan has made similar calculations before. In 1997, Prime Minister Ryutaro Hashimoto admitted to a New York audience that Tokyo had “several times” been tempted to dump Treasuries to make a point — including during heated auto negotiations.

Takaichi’s Ministry of Finance is also on high alert. A mountain of Japanese state wealth equivalent to Switzerland’s annual GDP is tied up in US debt. And Trump’s policy mix — inflationary tariffs, meddling with Fed independence, neutering the Internal Revenue Service and seeking trillions in new tax cuts — assumes Asian central banks from Tokyo to New Delhi will dutifully finance Washington’s ambitions.

That assumption looks increasingly shaky. Reports suggest Asian central banks are already limiting US exposure. Watching Trump’s economic brinkmanship from 7,000 miles away is generating real anxiety in Asia’s corridors of power.

The irony is rich. A quarter century ago, Washington lectured Asia about crony capitalism, opaque institutions and reckless governance. Now Asia is watching the US torch its own financial credibility with bewildering speed.

Policymakers across the region are gaming out how Trump’s tariffs and erratic policymaking might upend their economies. For now, the damage Trump has inflicted on equities may be less severe than the blow to debt markets. Normally, recession risks would cheer bond traders. But tariff‑driven inflation has flipped that logic.

Markets worry the Trump administration has arguably shown a greater tolerance for causing a recession or extreme global turbulence than many might have thought. Bond‑market turmoil has at various points over the last year forced Team Trump to retreat.

There’s an argument, too, that part of Bessent’s urgency to tame the yen is to head off any similar move by China. This dynamic echoes the late 1990s, when the globe lived in fear China might devalue the yuan. That would’ve created a whole new race to the bottom in currency markets.

After all, if you’re Chinese President Xi Jinping and facing intensifying trade headwinds, why wouldn’t you pivot to a more advantageous exchange rate? Particularly as the beggar-thy-neighbor ways of US ally Japan afford you some political cover. That could provoke a currency war on a scale that arguably markets have never seen before.

That’s why, as Nigel Green, CEO of the financial consulting firm deVere Group, notes, “markets are treating this as a currency issue, but it’s far bigger than that. When two of the world’s largest economies step into the market together for the first time in over a decade, they’re telling investors something about stress building beneath the surface of the global financial system, not just about an exchange rate.”

The real question is when the biggest bond vigilantes — central banks — start actively selling Treasuries. Japan and China are Washington’s largest bankers, followed by the UK, Luxembourg, Cayman Islands, Belgium, Canada, France, Ireland, Switzerland, Taiwan and Hong Kong.

If markets sense any of them selling — or even pausing purchases — global credit markets could descend into chaos. If Trump understands this risk, he has yet to show it to the Asian central bankers who effectively hold the deed to the US economy. As 2026 unfolds, the ball may be more in Japan’s court than Trump World might think.

An AI-supervised remote exam went so badly that 58,000 students must retake it

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An AI-supervised remote exam went so badly that 58,000 students must retake it

Earlier this summer, nearly 160,000 applicants took the entrance exam for UNAM, Mexico’s largest university. For the first time, they did it completely remotely, using a “lockdown” browser and AI-powered webcam proctoring software, over several weeks from late May through early June.

It was a disaster.

When exam results came in, they bore little resemblance to past results, especially at the top. Between 2021 and 2025, 3.5 percent of test takers scored 100 or more on the 120-question UNAM test. This year, 16.3 percent did so.

The story was even worse at the highest of the high end. Between 2021 and 2025, 0.9 percent of test takers scored 110 or more; this year, 5.5 percent did so.

The surge in top scores led to accusations of widespread cheating, and UNAM appointed a commission of experts to investigate the situation.

The group was given the unwieldy name “la Comisión Técnica de Personas Expertas para la Revisión del Proceso de Selección de Ingreso a Licenciatura para el Ciclo Escolar 2026-2027/1,” and it has just submitted its recommendations. The commission believes that the best path forward, given all the concerns, is to administer a “control exam”—that is, applicants will have to sit for another test, and they will do so in person.

This control exam will apply not only to those who secured a spot at UNAM based on this year’s test but also to everyone who would have been admitted based on minimum successful scores in their program of study since 2021. About 58,000 people could be affected, and places at UNAM will now depend on the results of the new test. (Details on the control exam should appear soon; classes are currently scheduled to begin on August 10, so everything will have to move quickly unless the school decides to delay classes.)

According to Gaceta UNAM, the school’s official news publication, the university rector has apologized to honest applicants, since they will now have to prepare for and take the test again despite doing nothing wrong. Still, the control exam is “necessary to give certainty and guarantee equity in access,” the rector added.

No one yet knows what kinds of cheating may have taken place. The exam was multiple choice rather than essay-based, so it is difficult to look for typical indications of AI cheating (complete answers being pasted immediately into text boxes, etc.). It is also possible that students relied on cheat sheets, leaked questions, and other traditional cheating methods.

A New York Times report last week on the cheating scandal noted that “cheating tips were circulating widely before the tests went live this spring. Online accounts advised students to position monitors outside the web-camera frame where they could access ChatGPT or other AI models. Others suggested hiding earphones under their hair, or hiring someone else to take the exam, off camera.”

Because this year’s exam was administered remotely, applicants had to install and use security products that tried to protect testing integrity. A report in El País said that the test required the LockDown Browser from Respondus. According to the company, once an exam begins in this browser, students are “unable to print, copy, go to other web addresses, or access other applications on the computer. Web searches, instant messaging, minimizing the browser, and hundreds of other functions are also prevented. Once the exam is completed, students are permitted to exit the browser and their computer will return to its normal state.”

UNAM also used a proctoring system from Territorium that monitored each test-taker’s webcam with AI algorithms. The system watched for signs that another person had taken the applicant’s place in front of the computer, or for the use of cell phones or earphones, or even for the applicant leaving the frame. The test also had one human supervisor for every 150 applicants; supervisors received alerts from the system and could notify UNAM officials about irregularities.

These measures do not seem to have worked well. (UNAM canceled nearly 2 percent of total exams for unspecified conduct issues, so it apparently caught a few people.) Even UNAM has acknowledged “the probability that a significant number of applicants may have received help” on the test. AI expert Raul Rojas, speaking to NPR, said statistical modeling suggested “that almost half of the students were cheating when taking the exam online.”

Now, almost 58,000 applicants will have to try again in an official exam room, watched by a human proctor.

Mario Lopez Blasted Over ‘Creepy’ Video

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Mario Lopez Blasted Over ‘Creepy’ Video


Mario Lopez is facing a wave of backlash after posting a bizarre AI-generated video of his 19-year-old niece eating hot dogs at a Los Angeles Dodgers game.

The 52-year-old Saved by the Bell star apparently meant the clip as a harmless family joke, but many viewers said the computer-generated footage crossed an uncomfortable line.

Lopez quickly deleted the video after critics flooded social media with angry and disgusted reactions.

Lopez attended Sunday’s Dodgers game with his niece Kalia, who also goes by the nickname YaYa.

The television host shared several photos and videos from their outing, including an innocent-looking clip of the pair smiling together inside the stadium.

But the footage suddenly changed when AI effects showed Kalia stuffing two obviously fake hot dogs into her mouth.

“I can’t take her anywhere!” Lopez joked in the video.

The altered footage then showed Kalia spraying mustard and relish from her mouth as Lopez shouted, “Oh my God, look at you!”

“Oh, it’s so good!” Kalia responded before the AI effect covered her face with mustard, creating what looked like a condiment beard.

While Lopez appeared to view the video as a goofy joke, many people online saw nothing funny about it.

Critics accused the actor of posting an inappropriate and suggestive video involving his own niece.

“I don’t know where this falls between zero and 10 on the incest scale, but it’s not zero,” one person wrote.

“That’s some weird s— to do with AI,” another added.

One user accused Lopez of “casually sexualizing” his niece, while another dramatically declared that authorities should get involved.

The flood of criticism apparently became too much, and Lopez removed the clip from his social media account.

The AI video uproar is not the first time Lopez has found himself at the center of a public firestorm.

In 2019, the former Access Hollywood host came under intense criticism after making comments about transgender children during an appearance on The Candace Owens Show.

Lopez said he believed parents should be cautious about making major decisions involving children who express questions about their gender at a very young age.

“Look, I’m never one to tell anyone how to parent their kids, obviously, and I think if you come from a place of love, you really can’t go wrong,” the father of three said at the time.

“But at the same time, my God, if you’re 3 years old and you’re saying you’re feeling a certain way or you think you’re a boy or a girl or whatever the case may

Japan plans for the reality of war

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Japan plans for the reality of war

While hypersonic missiles, drones and other new weapons systems dominate the news about Japan’s military build-up, the government is also stepping up its efforts to develop first-rate combat casualty medical care.

In a worst-case scenario, the government and Japan Self-Defense Forces (JSDF) want to be ready for the kind of serious injuries and post-traumatic stress disorder (PTSD) seen in Ukraine.

It hasn’t yet proved to be a catchy topic. Although Akahata (Red Flag), the newspaper of the Japan Communist Party, recently reported on the government’s plan to ask Japanese universities to conduct research on treatment of mass battlefield casualties, there’s been little reporting from the mainstream media.

Proposed research themes include penetrating and blunt trauma, encephalopathy (brain damage), long-term storable artificial blood, artificial organs, AI-powered prosthetics, vision restoration, bone regeneration, and PTSD.

Medical and biomedical engineering will be added to the list of research topics eligible for financial support under the Security Technology Research Promotion Program, which is operated by the Acquisition, Technology & Logistics Agency (ATLA) of Japan’s Ministry of Defense. This could provide up to ¥2 billion ($12.5 million) per project.

That amount of money would be a considerable incentive for university medical schools. It should also help overcome the traditional opposition to military-related research in Japanese academia.

In any case, treatment of PTSD, brain damage and serious bodily injuries, including shock from explosions and amputation of limbs, is “dual-use” technology. It has important civilian applications in cases such as rape and bad traffic accidents.

A combat injury treatment center was established at the National Defense Medical College Hospital following the revision of Japan’s Three Security Documents (National Security Strategy, National Defense Strategy and Defense Build-up Program) in December 2022. Before that, the SDF paid relatively little attention to combat casualty care because it did not undertake many high-risk missions and perhaps was not really expecting to fight.

That approach changed, however, with the outbreak of war in Ukraine. One of the aims of the revised National Defense Strategy was to “promote fundamental reforms to improve the combat trauma care capabilities.” This, according to an government source who wishes to remain anonymous, is still a work in process.

In the area of combat care, Japan works closely with the US military.

The US Air Force’s 374th Medical Group at Yokota Air Base west of Tokyo hosts an annual tour for Japanese nursing students from the National Defense Medical College, which is just 12 miles away in Tokorozawa City. The most recent tour was held in March of this year.

“The purpose of this tour,” said US Air Force Major Moshood Yinusa, “is to showcase the life and work of US active-duty nurses and foster engagement between Japanese nursing students and US culture and military medicine.”

Yokota Air Base is home to the 515th Air Mobility Operations Group of the US Air Force, which manages air mobility operations throughout the Western Pacific, and the Japanese Air Defense Command. 

JSDF personnel also participate in Tactical Combat Casualty Care (TCCC) training exercises with the US military. Watch this on video here.

Last January, at Camp Hansen, Okinawa, Japan, the Expeditionary Operations Training Group of III Marine Expeditionary Force (III MEF) ran JSDF cadets through trauma medicine scenarios to teach them how to provide medical care under the pressure of battle.

III MEF is the nucleus of a joint and coalition force that operates within the First Island Chain off the Asian mainland and across the Indo-Pacific.

Until the arrival of Donald Trump in the White House, the Japanese were careful to avoid getting dragged into American wars. Now, with China becoming more assertive and tensions having risen from Korea to Taiwan and the South China Sea, they are more concerned with keeping the US involved in East Asia and cooperating more closely with the US military while building up their own defense capabilities.

Furthermore, as Prime Minister Sanae Takaichi put it last January, “Learning from Russia’s aggression against Ukraine, countries are now urgently preparing for new forms of warfare, including the mass deployment of unmanned drones, and furthermore preparing for extended periods of fighting, under the assumption that once such conditions arise, there is a high likelihood of the situation becoming prolonged.”

Aside from the question of whether or not the example of Ukraine is relevant to Japan’s national security challenges, preparation for serious armed combat includes improvements in combat casualty care.

In April, Japan’s Ministry of Defense issued a policy presentation stating (in translation) that,

In a contingency, the incidence of Acute Stress Disorder (ASD) and Post-Traumatic Stress Disorder (PTSD) is expected to rise. Furthermore, the increased lethality of modern weaponry is likely to result in a greater number of cases involving traumatic brain injuries and musculoskeletal impairments caused by limb injuries, thereby driving up the demand for physical rehabilitation.

To ensure the capability to respond to various contingencies and a wide range of domestic and international missions, we will consolidate common medical functions across the Self-Defense Forces to promote integrated operations; establish a posture that mobilizes the full collective strength of SDF medical services – including the National Defense Medical College – and drive fundamental reforms to enhance capabilities in combat casualty care.

This is a big change from attitudes in the past, when the serious psychological and social effects of PTSD were largely ignored.

In August 2024, Japan’s Ministry of Health began its first comprehensive survey of PTSD among Japanese soldiers in WWII and its long-term impact. The results were presented in an exhibition that opened at the Shokei-kan in Tokyo in July 2025, just in time for the 80th anniversary of the end of the war.

The Shokei-kan is a museum that collects, preserves and showcases verbal testimony, historical materials, books and other information about the suffering of sick and wounded soldiers, and their families, during and after the war. Shokei here means to pass down, succeed or inherit. Kan means a building or hall. A short walk from Kudanshita Metro station, Shokei-kan is not far from Yasukuni Jinja, the shrine dedicated to Japan’s war dead.

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‘Speak Out in Defense of Spain’s Territorial Integrity,’ Spanish MEP Urges Netanyahu 

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‘Speak Out in Defense of Spain’s Territorial Integrity,’ Spanish MEP Urges Netanyahu 


Tens of thousands crossed into a city of 84,000 in a matter of days, leaving at least 83 dead on both sides of the border and raising questions about Morocco’s role, Spain’s sovereignty and Israel’s response 

The border crisis in Ceuta prompted Juan Carlos Girauta, a Spanish member of the European Parliament, to make a direct appeal to Israeli Prime Minister Benjamin Netanyahu. 

“With my greatest admiration and respect for Netanyahu’s life story and courage, I ask Netanyahu to speak out in defense of Spain’s territorial integrity, because the Spanish government is not Spain,” Girauta told The Media Line.  

The scale of the influx from Morocco was difficult to measure in real time. Spain initially estimated that just under 50,000 people entered on Thursday, July 30, and the total reached close to 60,000, including those who followed over the next several days. By Monday, Aug. 3, police sources said about 69,500 had returned to Morocco. That figure may have included earlier arrivals and people who crossed more than once. People entered through the land frontier, climbed the fences, or swam around the Tarajal breakwater. Ceuta itself has only about 84,000 residents.

José Bentolila, president of Ceuta’s Jewish community, said residents had noticed a steady movement toward the city before the main crossing began. “We had already spent several days seeing an incessant trickle of migrants, morning and afternoon,” Bentolila told The Media Line. 

From workplaces facing the Moroccan coast, residents could see what he described as “a line of flotation rings in the water—hundreds of them.” On Wednesday, he said, police advised businesses to close because they could not predict how large the movement would become. 

As border controls were overwhelmed, much of Ceuta stopped functioning. Shops closed, bread became difficult to find, and many residents remained inside. Bentolila said people who had crossed stopped cars to ask for food, money or access to a telephone. He said police responded to fights, while residents and business owners reported thefts, looting and attempted entries into homes. “Any business that tried to open even a little had perhaps 500 people come in and had to close and call the police,” he said. “You cannot serve 90,000 people all at once.” 

By Monday, Ceuta had yet to absorb the aftermath. Between 3,000 and 5,000 migrants were still in the city, according to official estimates, and some were sleeping outside because the reception centers were full. Spanish authorities had taken responsibility for 862 children and teenagers who arrived without an adult. 

The human toll was also becoming clearer. Spanish officials reported 72 deaths on the Spanish side of the border, while Morocco’s Foreign Ministry reported 11 deaths on the Moroccan side. Spanish authorities said more than 1,000 people had received medical treatment.  

Police and military reinforcements remained in Ceuta. By Aug. 2, a 500-meter floating barrier had also been deployed off the Tarajal breakwater. 

For Ceuta’s Jewish community, the crisis brought fear but no reported antisemitic attacks. Bentolila said the synagogue and other communal sites already receive discreet police protection because authorities consider them sensitive locations. Shabbat services went ahead. “People go out with some apprehension, some fear, because they do not know what they will find in the street,” he said. “Suddenly, you may come across a group of 40 or 50 people.” 

“We have not had any antisemitic incident,” Bentolila added. “We cannot point in that direction, at least for now.” 

The emergency was concentrated in Ceuta, but the political dispute surrounding it soon reached Madrid, Brussels and Jerusalem. 

Israel’s ambassador to the United Nations, Danny Danon, accused Spain of hypocrisy for deploying troops in Ceuta after repeatedly criticizing Israeli security policies. “Maybe before it continues lecturing us, it’s time it explained to the world why it still maintains colonial enclaves in Africa,” Danon wrote, referring to Ceuta and Melilla. 

Israel’s chargé d’affaires in Spain, Dana Erlich, quickly distanced the government from the post. Danon’s comment “does not represent the position of the State of Israel,” she wrote. Bentolila said it was the only public Israeli response the community had seen. “Of course we would have liked” a message of support, Bentolila said. “That is always welcome.”  

Of course we would have liked” a message of support. That is always welcome.

For Girauta, Erlich’s clarification did not undo the political damage. He said Danon’s intervention gave supporters of Prime Minister Pedro Sánchez material to use against Vox and other Spanish defenders of Israel. Television discussions about the border failure soon included claims that Israel and the United States had contributed to the crisis. 

Online accounts also revived a 2019 post by Netanyahu’s son Yair mentioning Ceuta and Melilla. No evidence has emerged connecting Israel to the crossings. “That is the political ammunition they are giving Israel’s enemies in Spain,” Girauta said.  

Ángel Mas, president of ACOM, a Spanish organization that campaigns against antisemitism and supports relations with Israel, said Israeli anger toward Sánchez was understandable after years of disputes over the Gaza war. Mockery directed at Ceuta, however, harmed some of the people most willing to defend Israel inside Spain. “The pro-Israel position in Spain has probably not been this compromised or this weak for a long time,” Mas told The Media Line. “Who does that help? It helps Sánchez.” 

The pro-Israel position in Spain has probably not been this compromised or this weak for a long time

Neither Mas nor Girauta accepted comparisons between the border crisis and the October 7, 2023, attack in Israel. “Nothing about this is comparable to October 7,” Girauta said. 

The only resemblance they identified concerned the first hours after the border controls were overwhelmed, when residents did not know who had entered or whether the authorities controlled the surrounding streets. 

Ceuta and Melilla are Spanish autonomous cities, and their residents are Spanish citizens. Ceuta has been under Spanish sovereignty since the 17th century, although Morocco claims both Ceuta and Melilla and characterizes Spanish rule there as colonial.  

Girauta called the mass crossing “hybrid warfare” and accused Moroccan authorities of allowing or encouraging it. Mas used the same term, arguing that an influx of such magnitude was difficult to explain as a simple loss of control. 

Public evidence has not established that Morocco organized the influx. Reports citing officials familiar with Spain’s intelligence assessment said Rabat apparently did not plan the crossing but allowed it to develop by gradually relaxing border controls. Morocco denied using migration to punish Spain and blamed human traffickers, economic hardship and false information spread online. 

Sánchez visited Algiers 10 days before the largest arrivals. His July 20 meeting with Algerian President Abdelmadjid Tebboune ended with an agreement to expand political cooperation and reconvene senior officials in October. Algeria supplied 42.7% of Spain’s natural gas in May.  

With Algeria and Morocco locked in a longstanding regional rivalry, the sequence of events immediately raised questions about Rabat’s motives. Some analysts and political figures suggested that the border crisis could have been a warning over Madrid’s renewed contact with Algiers. So far, nothing made public by either government supports that theory. 

Spanish Interior Minister Fernando Grande-Marlaska did not endorse that interpretation. Even amid the crisis, he continued to refer to Morocco as a reliable partner. He blamed smuggling networks for spreading false claims about a Spanish court ruling on summary returns. 

Sánchez, meanwhile, described the crossing as an “attack” and a violation of Spain’s territorial integrity, yet thanked Morocco for helping return those who entered. 

Girauta said those positions were difficult to reconcile. 

Grande-Marlaska also said Spain’s CNI intelligence service had not warned him that a mass crossing was imminent. Reports of a breakdown between security agencies subsequently produced friction between the interior and defense ministries. 

The reaction elsewhere in Europe was swift, even though the influx remained confined to Ceuta. Twenty-two EU governments called for urgent talks on external border security. Girauta said they had reacted “with concern, great concern.”  

“It is not only Spain’s border; it is Europe’s border,” he said. 

It is not only Spain’s border; it is Europe’s border

Italy temporarily began checking passengers arriving by air and sea from Spain, focusing on travelers from outside the European Union.  

Sánchez accused European partners of abandoning Spain. European Commission President Ursula von der Leyen sought to calm fears of onward movement. “Not a single person reached mainland Spain or the rest of the EU,” she said. 

Vox MEP Hermann Tertsch was unsurprised by the response in Brussels. “We did not expect much from there,” he told The Media Line, accusing the European Parliament of repeatedly favoring illegal immigration. 

Support instead came from conservative and nationalist groups that “reacted immediately and with full solidarity with the Spanish nation and Spain’s national and territorial integrity,” Tertsch said. 

He compared the status of Ceuta and Melilla to that of a US state. “For the United States, Hawaii is the United States,” Tertsch said. “The Canary Islands and the Balearic Islands are Spanish. That is simply how things are.”

Israel’s close relationship with Morocco further complicated the position of its Spanish allies. As the crisis unfolded, Israeli Foreign Minister Gideon Sa’ar congratulated King Mohammed VI on the 27th anniversary of his accession to the throne and praised Moroccan Foreign Minister Nasser Bourita for his commitment to bilateral relations. 

Girauta said the timing was difficult to explain without a separate Israeli statement supporting Spain’s territorial integrity. 

Tertsch made the same argument in sharper terms. “Attacks on Spanish sovereignty and Spanish territories only benefit Sánchez,” he said, accusing the prime minister of trying to separate Spain from Washington, Jerusalem and its “natural allies.” 

Attacks on Spanish sovereignty and Spanish territories only benefit Sánchez

“We must not make that easier by giving an opening to those who want to present Israel and the United States as enemies that encourage the Islamist invasion of Europe,” Tertsch said. 

Mas warned Israelis not to confuse warm relations with Morocco’s government with attitudes across Moroccan society. “The Moroccan government is friendly. The people are not,” he said. “The Spanish government is not friendly, but the people are not hostile.” 

“Many Spanish Jews have their origins in Morocco,” Mas added. “There were 250,000 Jews living in Morocco until 1948.” 

Most of Morocco’s Jewish population left in the decades after Israel’s establishment, though estimates of the community’s size and the timing of its departure vary. By contrast, the Jewish communities of Ceuta and Melilla remain part of cities that have long presented coexistence among Jews, Christians, Muslims and Hindus as central to their identity. 

Bentolila said Ceuta’s residents largely know one another regardless of religion. “One of the pillars of the city is that it is the city of four cultures,” he said. “We always raise the flag of those four cultures because of the understanding among them.” 

By the beginning of the week, thousands of people remained in Ceuta, reception facilities were overwhelmed, and residents were still trying to understand how border controls had been overwhelmed so quickly.  

Bentolila would not turn the Jewish community into a party to the dispute among Spain, Morocco and Israel. His concern remained closer to home: protecting families, reopening businesses and preserving the coexistence on which the city prides itself. 

 

 

US company’s AI lets Ukraine’s cheap kamikaze drones track targets on their own

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US company’s AI lets Ukraine’s cheap kamikaze drones track targets on their own

Ukrainian drone operators have destroyed many Russian armored vehicles on the ground and even military helicopters in midair using $400 Shrike drones with explosive payloads. Now thousands of such drones are getting upgraded with an AI system capable of autonomously tracking and homing in on moving targets.

In mid-July, the Ukrainian military began receiving Shrike drones made by the Ukrainian company SkyFall equipped with AI-powered autonomy hardware and software developed by the US company Auterion. The companies plan to deliver 50,000 drones equipped with Auterion’s Skynode S strike kits in the coming months.

That allows human operators to manually fly the Shrike first-person view (FPV) drones into a battlefield area, designate a target up to half a mile away and then “flip the switch to turn it into fire-and-forget terminal guidance mode,” Lorenz Meier, co-founder and CEO of Auterion, told Ars.

The operator can abort a strike or choose a different target as long as they have a radio signal connection with the drone, Meier explained. But the drone can still automatically track and fly into targets without any human guidance, even if it loses its connection with the operator due to buildings or terrain blocking the signal or because of enemy jamming on the same radio frequencies.

To home in on targets, Auterion’s software relies solely on the visual information available from the Shrike drone’s main onboard camera. That means the Shrike drones can track and strike moving targets without any reliance on GPS—a crucial advantage on modern battlefields where GPS jamming has also become common.

That could further enhance the success rate of remotely piloted Shrike drones that have already struck many vehicle-size targets since Russia launched the full-scale invasion of Ukraine in 2022, including armored tanks, electronic warfare systems, artillery guns, and rocket launchers. Shrike drones have reportedly taken down two Russian Mi-28 helicopters, each worth as much as $19 million, according to the Kyiv Independent.

Cost-effective AI for battlefield drones

Until now, the Ukrainian military has mainly relied on human operators to manually guide drones toward their targets, with the exception of mid- or long-range strike drones such as the $5,000 AI-powered “Hornet” drones developed by the California-based company Perennial Autonomy founded by former Google CEO Eric Schmidt. Those drones often fly far beyond the frontlines to target Russian oil refineries and energy infrastructure, factories and warehouses, or even ships in the Sea of Azov and the Black Sea.

But Auterion focused on creating AI-powered capabilities for the cheaper, shorter-range FPV drones that have become the most common weapons responsible for killing or wounding soldiers on the frontlines in Ukraine. The company developed a tightly integrated flight control system and terminal guidance system optimized to run on a Western-made Arm system-on-a-chip costing just $18.

“What we are doing is replacing the existing flight controller—which has no computer, no AI—with avionics that has a microprocessor unit, has AI on board, and can track into the target fully autonomously,” Meier told Ars.

Each of SkyFall’s Shrike drones equipped with such capability costs about $2,000, compared to the $400 Ukrainian drones that rely only on manual piloting, Meier wrote in a blog post.

By comparison, he described Western militaries as still purchasing “precision munitions at six or seven figures per shot (30–60 times this price), drones procured in batches of dozens, priced like exquisite aircraft, delivered on timelines measured in years.”

The 50,000 Shrike drones equipped with Auterion’s strike kit were funded by a $100 million contract backed by an officially unnamed European country. Reuters reported that Germany is the country funding the order, and Meier also disclosed that Auterion’s team based in Munich, Germany, is fulfilling the order.

This is the largest delivery order to date for Auterion. But the company also previously committed to delivering 33,000 drone strike kits to Ukraine in July 2025, with backing from a $50 million Pentagon contract.

Close-up image of a Shrike quadcopter drone made by the Ukrainian company SkyFall.

A Shrike FPV drone manufactured by the Ukrainian company SkyFall that can be equipped with Auterion’s AI-powered drone strike kit.

A Shrike FPV drone manufactured by the Ukrainian company SkyFall that can be equipped with Auterion’s AI-powered drone strike kit. Credit: Auterion | SkyFall

Human control and drone swarms

The drone strike kits would also enable SkyFall’s Shrike drones to receive future software updates that could enable a single human operator to command an autonomous swarm of drones to attack targets.

Auterion did not provide a timeframe for when this might happen. But the company has already demonstrated such drone swarming capability during a live-fire combat exercise at a US military range at Camp Blanding in Florida. The demonstration involved a drone pilot commanding three autonomous strike drones to take out three separate targets.

Such swarm capability provided by Auterion’s Nemyx system means that drones can autonomously work together to prioritize higher-value targets and adjust on the fly as targets are destroyed, so multiple drones aren’t wasted on the same target, Meier explained. That can all happen without any human input after the operator first directs the drone swarm toward a given objective.

“It basically means that you can point one of our swarms at an objective, and you can either decide to point all the munitions at a single target point, or you can actually spread them out from the get-go, and they will reprioritize,” Meier told Ars. “If you kick the swarm into strike mode, the whole thing strikes. If you let it abort, the whole thing aborts.”

The autonomous drone capabilities provided by Auterion’s strike kits also simplify the piloting skill required of human operators—regardless of whether they are piloting a single drone or commanding a swarm. That could help Ukraine’s military deploy more drones using a limited number of drone operators, and could prove even more invaluable for the United States or other countries that don’t yet have large numbers of trained drone operators.

“We found that we can train people within—I’m not kidding—60 seconds to operate this drone and even to operate the swarm, because you just move up and down to steer them in the right direction towards the target,” Meier said. “And when you are close enough to acquire the target, you just select it on the screen.”

The prospect of deploying fully autonomous drones on the battlefield may seem to be creeping closer. But Meier emphasized that Auterion believes in keeping a human in the target selection process.

“I am not sure if our adversaries eventually will allow us that, because they might enter into a way of warfare where we have to send autonomous systems against autonomous systems and let them make split-second decisions,” Meier said. “But until we are at that point, we as a company, and I personally believe, it’s really good if a human operator makes a life-or-death decision.”

Ukraine’s battlefield innovation system

Having visited Ukraine eight times to talk with the country’s top political and military leaders while working alongside Ukrainian drone manufacturers, Meier praised Ukraine for developing a system that enables a rapid cycle of innovation and improvement informed by battlefield experience.

“The Ukrainian forces are relatively accepting of initial battlefield failure,” Meier told Ars. “A lot of the Ukrainian firms didn’t show up with a perfectly working product—they showed up with something that was better than nothing, and then iterated through a lot of failures towards a point where it works every single time.”

Ukraine has also created an effective system for evaluating how well new drones and other weapons perform on the battlefield in terms of hit rates and delivering results of military value, Meier said. That feeds back into the cycle of innovation and has enabled Ukrainian companies to take huge risks in developing drones, robots and other weapons, while learning from failures on how to harden their systems for modern battlefields.

By comparison, the US military’s strict schedule for selecting new drone technologies through the Pentagon’s Drone Dominance program means that companies cannot easily come back several weeks later with a greatly improved product if they fail to make the cut at each selection stage. But Meier described Auterion as being well positioned to bring some lessons learned from Ukrainian battlefields back to compete within the more regimented US system.

The US military will also need the equivalent of a common operating system for its command and control systems to work seamlessly with autonomous drones from many different manufacturers as it looks to eventually deploy thousands of drones, Meier said. He described Auterion’s long-term ambition as creating a software ecosystem that allows various software companies to develop applications for many types of drones from different companies—a vision that draws from his own experience in developing open source software and open hardware standards used in the drone industry.

“You need the autonomy to fold into your command system, which means you need the same operating system, and maybe you can afford to integrate two or three—like there are apps for iOS and Android and I think that’s OK,” Meier said. “But you can’t have 15.”

The China positivity, US negativity illusion

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The China positivity, US negativity illusion

For nearly two decades, one line in the global opinion charts held steady: the United States was better liked than China. That line has now crossed.

Pew Research Center’s July 15 report, based on 42,151 interviews in 36 countries between February and May 2026, finds China viewed more favorably than the United States in most nations surveyed.

Confidence in Xi Jinping now runs ten points ahead of confidence in Donald Trump across the twenty countries Pew has tracked since 2023. Gallup recorded the same crossover a year earlier, with China at 36% approval and America at 31%.

The temptation is to read this as a scoreboard: China up, America down. It is better read as a diagnostic test. And like most tests, its real value lies in what it cannot tell us.

Start with a distinction doctors use every day. How many people currently have a disease is one question. How fast new cases are appearing is a different one. Favorability polls blur the two, and the blur matters here.

China’s standing has improved only modestly. America’s has collapsed. In Sweden, the share of people calling the US a reliable partner fell from 83% in 2022 to 31% today, a drop of 52 points. China gained just 15 points over the same period, from 12% to 27%. Canada shows the same pattern: American reliability down 48 points, Chinese reliability up 30.

Even where Xi now outpolls Trump by double digits, enthusiasm is thin. His best rating in Europe is a modest 37%, in the United Kingdom.

In other words, the crossover was produced mostly by subtraction. Pew’s own analysis says China’s lead comes largely from souring views of the United States. A patient does not become healthy because the person in the next bed is getting worse faster.

The mix of countries surveyed matters too. Nearly half of Pew’s sample consists of middle-income countries, exactly where China’s advantage is widest.

China hit record highs this year in Colombia, Indonesia, Malaysia, Mexico, Nigeria and Turkey. Across 17 middle-income publics, a median of 75% say the United States interferes in other countries’ affairs; only 45% say the same of China.

Weight the survey more toward wealthy democracies, or toward China’s own neighbors, and the headline would look different.

That is the point Asian readers should sit with. The reversal has conspicuously not happened among China’s neighbors. The United States keeps its edge in just six countries, and four of them are in the Indo-Pacific: India, Japan, the Philippines and South Korea.

In the Philippines, 81% call America a reliable partner, against 42% for China. In Pakistan, the ratio flips: 84% trust China, 36% the United States.

Living next to a great power, especially one you have a maritime dispute with, tends to strip away its charm. Asia is not converging on a single view of China. It is splitting along the line of who lives closest to it.

The most underrated finding is not the direction of the shift but its speed. The ISEAS-Yusof Ishak Institute’s survey of Southeast Asia has flipped three times in three years: to China in 2024 (50.5% to 49.5%), back to the United States in 2025 (52.3% to 47.7%) and to China again in 2026 (52% to 48%).

Opinion that swings this easily is not a store of goodwill built over decades. It behaves more like a spot price, reacting to the latest shock: a tariff announcement, an energy disruption, a careless remark. Pew’s own record shows how quickly the direction can reverse. American favorability, and confidence in the US president, jumped sharply after January 2021.

The polls also hide as much as they reveal. A single favorability number mixes feelings that pull in opposite directions. People can admire Chinese electric vehicles, high-speed rail and cultural hits such as Black Myth: Wukong and Ne Zha 2, while still distrusting how China is governed.

In only 11 of the 36 countries do roughly half or more believe the Chinese government respects its people’s personal freedoms. The United States still leads on that measure, but the gap is closing mainly because faith in America has fallen, by 25 points or more in Canada, France, Germany, Italy, the Netherlands, South Korea, Spain and Sweden.

A number that cannot tell the difference between liking a country’s products and trusting its institutions is a dangerous number to plan around.

So what should Asia’s middle powers take from all this? Neither celebration nor alarm. Global publics currently see Beijing as the more predictable partner and Washington as the more erratic one. But perceptions of predictability are themselves the most changeable thing in the data. A hedging strategy built on 2026 sentiment will be tested by 2027 sentiment.

The harder question is whether each power’s problem is temporary or built in: whether American standing can bounce back with a new administration, and whether Chinese standing can deepen without change in the governance record that global publics still watch.

Nothing in this year’s survey answers that. It only tells us that the two curves finally touched. And curves that touch once tend to touch again.

Y. Tony Yang is an endowed professor at the George Washington University in Washington, D.C.

350 more Sudanese return home from Egypt under voluntary repatriation program

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350 more Sudanese return home from Egypt under voluntary repatriation program

Some 350 more Sudanese nationals have returned home from Egypt under a voluntary repatriation program, according to Sudan’s official news agency SUNA.

The Al-Amal Committee for Voluntary Return, a community-led humanitarian initiative, said the returnees departed the northern Egyptian city of Alexandria on Sunday aboard seven buses.

Sudan’s Consul General in Alexandria Abdel-Dayem Ali Al-Bashir saw off the returnees and said voluntary return journeys would continue until the last Sudanese national returns home.

Ismat Ahmed Saeed, the committee’s representative in Alexandria, praised the Sudanese consulate’s role in implementing the repatriation program, expressing hope that coordination would continue for future trips.

READ: Sudan’s Burhan chairs first security meeting after army gains in North Kordofan

According to the committee, the new returnees brought the number of Sudanese who returned to Sudan from Egypt since last month to nearly 5,500 people.

Since the war between the Sudanese army and the paramilitary Rapid Support Forces (RSF) broke out in April 2023, more than 1.2 million Sudanese have fled to Egypt, according to official estimates. About 5 million Sudanese were already living in Egypt before the war, making it one of the main destinations for people fleeing the fighting.

By the end of 2025, about 428,676 people had voluntarily returned to Sudan, according to figures previously announced by the Sudanese authorities.

​​​​​​​The war between the Sudanese army and RSF over disputes about integrating the paramilitary force into the military has created one of the world’s worst humanitarian crises. It has killed tens of thousands of people and displaced about 13 million.

READ: Sudan resumes voluntary return convoys from Egypt as 1,200 citizens travel home

Lego deploys Hubble Space Telescope as detailed desktop model

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Lego deploys Hubble Space Telescope as detailed desktop model

For 35 years, the Hubble Space Telescope has looked out into the Universe. Now, Lego is inviting builders to look inward with its latest model of the orbiting observatory.

The new Lego Icons Hubble Space Telescope (set no. 11382) was released on August 1 for $140 at the toy company’s stores and its online shop. The 1,252-piece kit builds a 15-inch-long (38-cm) desktop model that is about twice as large as the previously released Lego Hubble models.

The Icons Hubble is the first to be sized in comparison to a Lego minifigure, such that the included astronaut provides a sense of scale for the telescope.

Of the previous three Hubble models, two were scaled to their companion orbiters: Lego Discovery Space Shuttle—STS-31, set 7470, from 2003 and Lego Icons NASA Space Shuttle Discovery, 10283, released in 2021. The third was a desktop model for the minifigure tribute to astronomer Nancy Grace Roman, the “Mother of Hubble,” included with the Women of NASA set, no. 21312, in 2017.

Montage image of various toy models of a space telescope.

Hubble Space Telescope Lego models, roughly to scale, including the new Lego Icons set (at right). Also pictured, the Hubble that came with the 2021 Lego Icons NASA Space Shuttle Discovery (at top left), Lego Discovery Space Shuttle – STS-31 (at bottom left) and Nancy Grace Roman desktop model from the 2017 “Women at NASA” minifigures set.

Hubble Space Telescope Lego models, roughly to scale, including the new Lego Icons set (at right). Also pictured, the Hubble that came with the 2021 Lego Icons NASA Space Shuttle Discovery (at top left), Lego Discovery Space Shuttle – STS-31 (at bottom left) and Nancy Grace Roman desktop model from the 2017 “Women at NASA” minifigures set. Credit: LEGO/collectSPACE.com

The real Hubble Space Telescope was launched on the space shuttle Discovery and deployed by the STS-31 crew in 1990. It is 43.5 feet long (13.2 meters), making the new Lego desktop model about 1:35 scale. (Lego minifigure scale is generally accepted to be between 1:35 and 1:45 scale, as the minifigures are not proportionally accurate.)

Open wide (field camera)

According to the set’s instruction book, in addition to being faithful to the overall shape and exterior details of the Hubble Space Telescope, the new Lego Icons model is the first to build representations of the science instruments and interior components that enable Hubble to operate in Earth orbit.

“In close collaboration with our partners at NASA and ESA, we’ve recreated authentic engineering details inside and out,” reads the designers’ introduction to the set in the book. “Each section of your model corresponds to real instruments that helped discover remarkable new information about our universe.”

The aperture door at the top of the telescope opens, affording a view of the secondary mirror assembly inside. Two panels along the upper and lower body of the Hubble can also be removed to expose the mirrors, as well as the central baffle that directs the light from stars and galaxies to the observatory’s instruments and primary mirror.

Photo of a part of a toy brick-built model showing interior details.

Removable panels on the Lego Icons Hubble Space Telescope provide a look at the instruments and equipment inside.

Removable panels on the Lego Icons Hubble Space Telescope provide a look at the instruments and equipment inside. Credit: LEGO

As part of its storied history, the Hubble telescope was visited by astronauts five times, first to correct for an optical flaw and then to upgrade its capabilities. This Lego model is configured to reflect the Hubble’s current configuration, following its fifth servicing in 2009.

Included in the build are the Space Telescope Imaging Spectrograph (STIS), Cosmic Origins Spectrograph (COS), Advanced Camera for Surveys (ACS), and Near Infrared Camera and Multi-Object Spectrometer (NICMOS), which remain active on the real satellite today. Other details include the three gyroscopes and five guidance sensors, as well as, externally, its communications antennas and two solar array wings.

“Hubble’s solar array panels were changed twice. For this model, we chose the latest version installed,” reads a note in the instructions.

Labeled and unlabeled

The Lego designers included more details in their build than the instruction book identifies, using both brick parts and decals.

Diagram from the instruction book for the Lego Icons Hubble Space Telescope set labeling some of the science instruments and guidance equipment that are represented as parts of the model’s interior.

Diagram from the instruction book for the Lego Icons Hubble Space Telescope set labeling some of the science instruments and guidance equipment that are represented as parts of the model’s interior. Credit: LEGO

On the base of the telescope, a Lego steering wheel substitutes for the capture mechanism that may be used by a future robotic or crewed vehicle to boost or deorbit the telescope. Stickers are applied nearby to represent the vents used to relieve pressure inside Hubble’s body while also preventing stray external sunlight from entering and interfering with observations.

Decals are also applied to simulate the ports for the three fixed-head star trackers, which follow specific stars in their field of view to help determine the telescope’s attitude. The dark circular openings on the aft body are the external light paths for the trackers.

The set also includes a stand on which to display Hubble. As part of that, a decal-adorned plaque lists facts about the observatory, including the dates of its five space shuttle servicing missions. The stand also includes three translucent pre-printed parts displaying three of the telescope’s most famous observations: the Eagle Nebula (“Pillars of Creation”), Whirlpool Galaxy, and the Butterfly Nebula.

“The astounding images and data provided by the Hubble Space Telescope have brought the farthest reaches of the universe closer to Earth. We’re just beginning to comprehend its historic significance, and it continues to inspire scientists and spark the public’s imagination,” wrote the designers in the introduction to the set’s instructions. “We wanted to honor that legacy.”

The Lego Icons Hubble Space Telescope set is built to minifigure scale and includes an astronaut minifigure.

The Lego Icons Hubble Space Telescope set is built to minifigure scale and includes an astronaut minifigure. Credit: LEGO

One more hidden detail: the astronaut minifigure is decorated so as to be wearing an extravehicular mobility unit (EMU), the spacesuit worn for the servicing missions. It does not reproduce the NASA insignia or any flight emblems, but on the back of its portable life support system (PLSS) backpack appears NASA’s celebratory logo for the Hubble Space Telescope’s first 35 years.

Gold firms as oil prices slump after Trump holds off on Iran attack

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Gold firms as oil prices slump after Trump holds off on Iran attack


Gold rose ​on Monday as oil prices fell after U.S. President Donald Trump held ‌off on fresh attacks on Iran in hopes of a swift deal, slightly easing concerns over inflation and higher interest rates.

Spot gold was up 0.7% at $4,068.54 per ounce, as of 0437 GMT. U.S. gold ​futures rose 0.9% to $4,066.60.

The U.S. dollar came under pressure after authorities intervened in the ​foreign exchange market to support the yen, making dollar-priced bullion more affordable ⁠for overseas buyers.

Gold has made a relatively cheery start to the week but gains remain ​limited given the uncertainty around the oil markets and the Middle East, so it’s an ​upbeat but guarded start for the metal, said Tim Waterer, chief market analyst at KCM Trade.

Trump said talks with Iran will happen on Monday but declined to set a deadline for an agreement. Oil ​prices fell more than 5%.

Gold has come under pressure since the start of the U.S.-Iran ​conflict, as a war-driven rise in inflation could prompt central banks to raise interest rates. Although bullion ‌is ⁠traditionally viewed as a hedge against inflation, its appeal tends to diminish in a high-interest-rate environment because it does not yield interest.

Market participants will also focus on a slew of U.S. jobs reports due this week, including job openings data, the ADP employment report, weekly ​jobless claims and the ​nonfarm payrolls report.

“Any renewed ⁠escalation in the Middle East that pushes oil higher, or a strong NFP print that reinforces September rate-hike odds, could cap the ​upside,” Waterer said.

Three U.S. Federal Reserve officials who dissented at the policy ​meeting last ⁠week in favour of a rate hike expressed concerns on Friday that without an immediate increase in short-term borrowing costs, inflation will stay stuck above the Fed’s 2% target.

Analysts at Standard ⁠Chartered said ​in a note that they continue to expect gold ​to find near-term support before recovering on seasonal buying.

Spot silver gained 1.4% to $58.46, platinum climbed 0.5% to $1,650.63, and palladium ​firmed 1.6% to $1,293.50.

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