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US President Donald Trump is leaving the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday.

The G7 has struggled to find unity over conflicts in Ukraine and between Israel and Iran as Trump overtly expressed support for Russian President Vladimir Putin and has imposed tariffs on many of the allies present.

“Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State,” Press Secretary Karoline Leavitt said on X.

Gold pushed higher in early Asia trading after US President Donald Trump called for the immediate evacuation of Tehran, boosting demand for havens as investors track hostilities between Israel and Iran.

Bullion rose as much as 0.4% to top $3,400 an ounce, following a 1.4% slide on Monday, which was the biggest daily decline in a month. Trump issued the call to empty the Iranian capital in a social-media post hours after he urged Iran’s leadership to sign a deal to limit its nuclear program.

The precious metal advanced by almost 4% last week as Israel opened its military campaign against Iran’s nuclear program, sparking fears of a region-wide conflict and adding fresh impetus to a rally driven by the threat to global economic growth from Trump’s aggressive tariff agenda. Prices — currently about $100 short of the record hit in April — are on pace for a sixth monthly gain, which would be the best such run in more than two decades.

“The ninth wave of combined drone and missile attacks has begun and will continue without interruption until dawn,” said the Revolutionary Guards’ spokesman, Ali Mohammad Naini, according to the official IRNA news agency.

The Dow Jones ended 300 points higher on Monday, while S&P 500 and Nasdaq also closed with gains of over a percent each, as oil prices fell on hopes that the conflict will remain limited to the two countries.

Some analysts, however, have warned against complacency.

Futures on Wall Street have declined on Tuesday morning Indian time after an uneasily positive session to start the truncated week.

The Dow futures are currently down 100 points, while the S&P 500 and Nasdaq futures are down 20 and 80 points respectively.

Good Morning.

Israel and Iran’s hostilities have entered the fifth day.

US futures are falling after an uneasily positive session on Monday.

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