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On May 26, spot silver plummeted by 3%, falling below $76 per ounce. Spot gold also dropped by 0.84%, breaking below $4530 per ounce.

On May 26, Bank of Japan Deputy Governor Niimi Noriyuki stated that the market's view on the rise in long-term interest rates reflects global concerns about inflation. The Bank of Japan will adopt appropriate monetary policies to achieve its inflation target in a stable and sustainable manner. When reviewing the bond reduction plan, attention will be paid to the conditions of the bond market and its functionality, while also listening to the opinions of market participants.

(1) Barnabas Gan, Chief Economist at RHB Bank Group, stated in a report that as Middle Eastern oil supply continues to be disrupted and supply chain pressures persist, Singapore's inflationary pressures are expected to further rise in the coming months. (2) Rising oil prices will increase transportation, utility, and corporate operating costs, and may extend to broader consumer inflation. In addition, higher fertilizer costs and disruptions caused by El Niño weather could also push up food prices in Singapore. (3) Gan noted that Singapore relies heavily on food imports, and rising global prices will be transmitted to wholesale and retail food prices through increased import costs.