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01:32:35

Spot gold has just broken through the $4,560.00/ounce mark, and is currently trading at $4,559.50/ounce, up 1.40% on the day; COMEX gold futures are currently trading at $4,591.20/ounce, up 1.30% on the day.

23:48:46

Spot gold has just broken through the $4,560.00/ounce mark, and is currently trading at $4,559.71/ounce, up 1.41% on the day; COMEX gold futures are currently trading at $4,593.70/ounce, up 1.35% on the day.

23:41:54

Spot gold has just broken through the $4,570.00/ounce mark, and is currently trading at $4,569.68/ounce, up 1.63% on the day; COMEX gold futures are currently trading at $4,601.60/ounce, up 1.53% on the day.

23:38:35

Spot platinum has just broken through the $1920.00/oz mark, last trading at $1919.39/oz, down 0.10% on the day; Nymex platinum futures main contract was last trading at $1924.9/oz, down 0.12% on the day.

23:27:34

Spot gold has just broken through the $4,580.00/ounce mark, and is currently trading at $4,578.63/ounce, up 1.83% on the day; COMEX gold futures are currently trading at $4,612.90/ounce, up 1.78% on the day.

23:17:00

Spot platinum has just broken through the $1930.00/ounce mark, and is currently trading at $1926.05/ounce, up 0.25% on the day; Nymex platinum futures are currently trading at $1936.4/ounce, up 0.47% on the day.

23:11:28

Spot platinum has just broken through the $1940.00/ounce mark, last trading at $1940.83/ounce, up 1.02% on the day; Nymex platinum futures main contract was last trading at $1945.2/ounce, up 0.93% on the day.

23:11:08

Spot gold has just broken through the $4,590.00/ounce mark, and is currently trading at $4,590.31/ounce, up 2.09% on the day; COMEX gold futures are currently trading at $4,621.90/ounce, up 1.97% on the day.

23:08:17

Spot platinum has just broken through the $1930.00/oz mark, last trading at $1931.06/oz, up 0.51% on the day; Nymex platinum futures main contract was last trading at $1937.3/oz, up 0.52% on the day.

23:08:07

Spot gold rose 2.03% on the day, reaching $4,587.87 per ounce; COMEX gold futures were last quoted at $4,616.70 per ounce, up 1.86% on the day.

23:05:05

Spot gold has just broken through the $4,580.00/oz mark, currently trading at $4,580.32/oz, up 1.86% on the day; COMEX gold futures are currently trading at $4,609.40/oz, up 1.70% on the day; Spot silver has just broken through the $76.00/oz mark, currently trading at $76.08/oz, up 0.57% on the day; COMEX silver futures are currently trading at $76.44/oz, up 0.69% on the day.

22:57:01

Spot gold has just broken through the $4,570.00/ounce mark, and is currently trading at $4,570.49/ounce, up 1.65% on the day; COMEX gold futures are currently trading at $4,601.20/ounce, up 1.52% on the day.

22:53:02

Spot gold has just broken through the $4,560.00/ounce mark, and is currently trading at $4,560.23/ounce, up 1.42% on the day; COMEX gold futures are currently trading at $4,591.00/ounce, up 1.29% on the day.

22:52:21

Spot gold has just broken through the $4,550.00/ounce mark, and is currently trading at $4,550.16/ounce, up 1.19% on the day; COMEX gold futures are currently trading at $4,580.90/ounce, up 1.07% on the day.

22:46:55

[Bank of America: Global Equity Funds See First Outflows in Nine Weeks] Bank of America reports that global equities have seen their first outflows in nine weeks, with cash and bond assets attracting inflows. Citing data from EPFR Global, Bank of America notes that in the week ending May 27, money market funds attracted $21.9 billion, and bonds attracted $23.6 billion. Meanwhile, the equity market saw an outflow of $7 billion, cryptocurrencies $1.2 billion, and gold $1 billion. Notable outflows include: Japanese equities experiencing their largest outflow since May 2025, amounting to $8.2 billion. A team of Bank of America strategists led by Michael Hartnett points out that while the S&P 500 hit a record high, only 21 of its components (representing 4% of the benchmark index) reached new highs. In contrast, before the bursting of the dot-com bubble in March 2000, only 20 components reached new highs. The team stated that, referencing investment roadmaps following previous bubble bursts since 1929, going long on bonds is often an option, as 10-year Treasury yields typically fall by about 50 basis points within six months of a major market top. Additionally, going long on defensive assets and/or stock sectors/styles that have significantly underperformed in the final months of a bubble is also a viable strategy.

22:30:33

Spot platinum has just broken through the $1910.00/oz mark, and is currently trading at $1909.40/oz, down 0.62% on the day; Nymex platinum futures are currently trading at $1914.0/oz, down 0.69% on the day.

22:26:14

Spot gold has just broken through the $4,530.00/ounce mark, and is currently trading at $4,529.20/ounce, up 0.73% on the day; COMEX gold futures are currently trading at $4,561.50/ounce, up 0.64% on the day.

22:20:53

Spot platinum has just broken through the $1920.00/oz mark, and is currently trading at $1919.97/oz, down 0.07% on the day; Nymex platinum futures are currently trading at $1925.5/oz, down 0.09% on the day.

22:19:13

Spot gold has just broken through the $4,540.00/ounce mark, and is currently trading at $4,539.81/ounce, up 0.96% on the day; COMEX gold futures are currently trading at $4,571.30/ounce, up 0.86% on the day.

22:06:57

Spot gold has just broken through the $4,550.00/ounce mark, and is currently trading at $4,550.08/ounce, up 1.19% on the day; COMEX gold futures are currently trading at $4,580.00/ounce, up 1.05% on the day.

21:58:36

Spot gold has just broken through the $4,540.00/ounce mark, and is currently trading at $4,540.17/ounce, up 0.97% on the day; COMEX gold futures are currently trading at $4,570.50/ounce, up 0.84% on the day.

21:31:06

Spot gold has just broken through the $4,530.00/ounce mark, and is currently trading at $4,530.09/ounce, up 0.75% on the day; COMEX gold futures are currently trading at $4,560.60/ounce, up 0.62% on the day.

21:30:57

Gold prices rebounded slightly: After the ceasefire draft was reached, will the next wave be a sharp drop or a dramatic reversal? Details>

21:22:34

Spot platinum has just broken through the $1930.00/oz mark, last trading at $1930.30/oz, up 0.47% on the day; Nymex platinum futures main contract was last trading at $1935.0/oz, up 0.40% on the day.

20:30:30

Spot gold has just broken through the $4,520.00/ounce mark, and is currently trading at $4,519.79/ounce, up 0.52% on the day; COMEX gold futures are currently trading at $4,550.70/ounce, up 0.40% on the day.

19:31:25

[India's Loans Grow 16.2% Year-on-Year, Deposits Rise 12.2%, Credit Expansion Continues but Overall Volume Fluctuates] ⑴ Data released by the Reserve Bank of India on Friday showed that in the two weeks ending May 15, bank loans grew by 16.2% year-on-year, while deposits increased by 12.2%. ⑵ In the two weeks ending May 15, outstanding loans decreased by 238.07 billion rupees to 211.87 trillion rupees, non-food credit decreased by 359.41 billion rupees to 210.71 trillion rupees, and food credit increased by 121.33 billion rupees to 1.16 trillion rupees. ⑶ During the same period, bank deposits decreased by 1.80 trillion rupees to 256.89 trillion rupees.

19:17:44

Spot gold has just broken through the $4,530.00/ounce mark, and is currently trading at $4,529.68/ounce, up 0.74% on the day; COMEX gold futures are currently trading at $4,561.40/ounce, up 0.64% on the day.

18:37:15

Spot gold rose 1.01% on the day, reaching $4,541.94 per ounce; COMEX gold futures were last quoted at $4,571.50 per ounce, up 0.86% on the day.

18:37:05

Spot gold has just broken through the $4,540.00/ounce mark, and is currently trading at $4,540.38/ounce, up 0.98% on the day; COMEX gold futures are currently trading at $4,571.30/ounce, up 0.86% on the day.

18:25:06

[Japan Spends 11.7 Trillion Yen Intervening in Foreign Exchange Market Over the Past Month to Support the Yen, with Limited Effect] ⑴ Data released by Japan's Ministry of Finance on Friday showed that authorities spent 11.7 trillion yen (approximately US$73.5 billion) intervening in the foreign exchange market over the past month to support the yen, but with limited effect. The yen remains hovering near the same level that prompted Tokyo's intervention. ⑵ Authorities intervened multiple times during Japan's Golden Week holiday at the end of April, when market liquidity was thin. At that time, the yen fell below the 160 level, hitting a near two-year low of 160.725 before rebounding sharply to 155.50. It further strengthened to around 155 on May 6, but subsequently resumed its decline, closing at around 159.65 on Thursday. ⑶ The yen was impacted by the Middle East crisis, with soaring energy prices causing a trade shock to Japan, which is almost entirely dependent on oil imports. This pressure exacerbated the yen's long-term weakening trend against the backdrop of the Bank of Japan's cautious approach to normalizing monetary policy after a decade of massive stimulus.

17:46:14

Spot platinum has just broken through the $1920.00/oz mark, last trading at $1920.25/oz, down 0.05% on the day; Nymex platinum futures main contract was last trading at $1924.6/oz, down 0.14% on the day.

17:13:56

Spot gold has just broken through the $4,530.00/ounce mark, and is currently trading at $4,530.31/ounce, up 0.75% on the day; COMEX gold futures are currently trading at $4,560.80/ounce, up 0.63% on the day.

16:51:09

Spot gold has just broken through the $4,510.00/ounce mark, and is currently trading at $4,509.95/ounce, up 0.30% on the day; COMEX gold futures are currently trading at $4,540.60/ounce, up 0.18% on the day.

16:48:48

Spot silver has just broken through the $75.00/ounce mark, last trading at $74.98/ounce, down 0.89% on the day; COMEX silver futures are last trading at $75.27/ounce, down 0.85% on the day.

16:47:12

Next Week's Hot Topics Preview: Market Outlook Amidst a Frenzy of Global Economic Data, Led by Non-Farm Payrolls Details>

16:38:59

A ceasefire is expected to boost gold prices, but PCE data is putting downward pressure on them – gold is caught in a dilemma. Details>

16:26:17

On May 29, Chow Sang Sang Chairman and General Manager Chow Wing-shing stated after the Annual General Meeting that the company would strive to adopt a "quick in, quick out" product model to effectively mitigate the risk of gold price volatility. If costs rise above acceptable levels, pricing will be adjusted. The group will also engage in hedging, but will not speculate on gold price fluctuations, emphasizing that it is not a financial institution. CFO Wang Junxuan stated that even with changes in gold prices, factors such as product mix, pricing, and inventory must be considered. Gold price fluctuations may affect demand, but they may also reduce future replenishment costs, resulting in both positive and negative impacts. Wang Junxuan mentioned that the overall sales atmosphere in mainland China during the May Day holiday was positive, with both Hong Kong and mainland markets experiencing a certain degree of consumer spending, recording year-on-year growth.

16:24:23

Spot platinum has just broken through the $1910.00/oz mark, and is currently trading at $1909.93/oz, down 0.59% on the day; Nymex platinum futures are currently trading at $1914.4/oz, down 0.67% on the day.

15:51:09

[Shanghai Gold Exchange Issues Notice Regarding Adjustments to Margin Ratios and Price Limits for Certain Deferred Contracts] In accordance with the relevant provisions of the "Shanghai Gold Exchange Risk Control Management Measures," the Exchange has adjusted the trading margin ratios and price limits for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12, and Ag(T+D). The relevant details are as follows: Effective from the closing settlement on June 1, 2026 (Monday), the margin ratio for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 contracts will be adjusted from 18% to 15%, and the price limit for the next trading day will be adjusted from 17% to 14%; the margin ratio for Ag(T+D) contracts will be adjusted from 24% to 21%, and the price limit for the next trading day will be adjusted from 23% to 20%.

15:49:39

[Shanghai Gold Exchange Issues Notice on Adjusting Margin Ratios and Price Limits for Some Deferred Contracts] In accordance with the relevant provisions of the "Shanghai Gold Exchange Risk Control Management Measures," the Exchange has adjusted the trading margin ratios and price limits for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12, and Ag(T+D). The relevant details are as follows: Effective from the closing settlement on June 1, 2026 (Monday), the margin ratio for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 contracts will be adjusted from 18% to 15%, and the price limit will be adjusted from 17% to 14% starting from the next trading day; the margin ratio for Ag(T+D) contracts will be adjusted from 24% to 21%, and the price limit will be adjusted from 23% to 20% starting from the next trading day. (Shanghai Financial Exchange)

15:47:46

An agreement was so close, yet it couldn't be signed! Gold prices are tied to geopolitical tensions. Details>

15:20:44

Silver is fluctuating around $76, awaiting a directional move. Details>

14:46:44

Kazakhstan: Gold reserves rose to 11.39 million ounces in April, with a value of $52.69 billion, compared to $51.77 billion at the end of March.

14:18:11

Spot gold has just broken through the $4,510.00/ounce mark, and is currently trading at $4,509.92/ounce, up 0.30% on the day; COMEX gold futures are currently trading at $4,541.90/ounce, up 0.21% on the day.

14:00:17

Spot gold has just broken through the $4,520.00/ounce mark, and is currently trading at $4,520.79/ounce, up 0.54% on the day; COMEX gold futures are currently trading at $4,550.70/ounce, up 0.40% on the day.

13:44:25

[Technical Analysis: Spot Gold May Retrace to $4466 Before Rebounding] 1. Spot gold may first retrace to $4466 per ounce, then retest the resistance level of $4520. 2. Gold prices have previously attempted to break through this resistance level twice without success, indicating that the first round of rebound from $4367 has ended. Due to strong rebound momentum, it is expected that after a shallow pullback, gold prices will continue to rise, targeting $4581 (the high point of wave B). 3. If gold prices can break through $4520, they are expected to rise further to the $4580-$4620 range. 4. From the daily chart, gold is currently stabilizing near the support level of the 200-day moving average. Thursday's candlestick closed as a hammer with a long lower shadow, suggesting that the downtrend that started from $4773, or the longer-term downtrend that started from $4889, may be reversing. 5. However, this reversal signal still needs confirmation from Friday's positive candlestick. If Friday ultimately closes with a negative candlestick, especially if the closing price is close to the 200-day moving average, currently near the 4400 level, then the hammer candlestick reversal pattern will be invalidated.

12:44:18

Spot platinum has just broken through the $1920.00/oz mark, last trading at $1920.07/oz, down 0.06% on the day; Nymex platinum futures main contract was last trading at $1924.9/oz, down 0.12% on the day.

12:24:04

Spot gold has just broken through the $4,510.00/ounce mark, and is currently trading at $4,510.16/ounce, up 0.30% on the day; COMEX gold futures are currently trading at $4,540.70/ounce, up 0.18% on the day.

11:21:08

Gold has returned above $4,500 and is expected to remain range-bound in the short term. Details>

11:15:37

Spot platinum has just broken through the $1910.00/oz mark, and is currently trading at $1909.85/oz, down 0.59% on the day; Nymex platinum futures are currently trading at $1919.9/oz, down 0.38% on the day.

11:07:19

The global center of cross-border wealth has shifted to Asia, and gold trading is experiencing a simultaneous boom. Details>

10:30:44

Spot gold has just broken through the $4,500.00/ounce mark, and is currently trading at $4,499.68/ounce, up 0.07% on the day; COMEX gold futures are currently trading at $4,530.10/ounce, down 0.05% on the day.

10:27:55

[Gold Prices Rise Slightly Amidst Intertwined News of US-Iran Ceasefire and Interest Rate Outlook] 1. Gold prices rose slightly in early Asian trading on Friday, with spot gold initially gaining 0.5% to $4,520 per ounce. Investors are assessing news regarding an extension of the ceasefire between the US and Iran, while concerns about inflationary pressures and the prospect of a Federal Reserve rate hike persist. 2. Gold prices fell to a two-month low in the previous trading session before recovering following news of an extended US-Iran ceasefire. Sources revealed that the US and Iran have reached a draft agreement on extending the ceasefire and restoring freedom of navigation in the Strait of Hormuz. However, US President Trump has not yet approved the agreement, and Iranian state media also stated that the agreement has not been finalized. 3. On the economic data front, US inflation in April recorded its fastest pace in three years, mainly driven by energy prices pushed up by the war with Iran. This further reinforces the general view among economists that the Federal Reserve will keep interest rates unchanged at least until next year. 4. Several Federal Reserve officials have spoken out. St. Louis Fed President Moussalem stated that if inflation fails to slow down within the next six months, the Fed may need to consider raising interest rates. New York Fed President Williams believes that current monetary policy is appropriate, and while inflation is expected to remain high in the short term, pressures are likely to ease later this year. 5. Furthermore, data released by the Hong Kong Census and Statistics Department shows that China's net gold imports via Hong Kong increased significantly by 81.2% in April compared to the previous month.

10:09:16

【Short-term trading advice for spot gold: range-bound trading, buy on dips and sell on rallies】 (1) Reasons for analysis: The US PCE data met market expectations, easing market concerns about further aggressive tightening by the Federal Reserve, and gold rebounded technically from its lows. However, the US dollar index and US Treasury yields remained high, putting pressure on gold prices. Although the situation in the Middle East has eased somewhat, the demand for safe-haven assets has not completely subsided, and gold is expected to maintain a range-bound trading trend in the short term. (2) Key areas to watch: US Treasury yields, US dollar index, geopolitical situation (3) Resistance: 4530, 4560, 4600 (4) Support: 4480, 4450, 4400;

09:39:40

Spot platinum has just broken through the $1920.00/oz mark, last trading at $1919.97/oz, down 0.07% on the day; Nymex platinum futures main contract was last trading at $1927.6/oz, up 0.02% on the day.

09:18:56

Spot silver rose 1.02% on the day, closing at $76.43 per ounce; COMEX silver futures were last quoted at $76.68 per ounce, up 1.01% on the day.

09:18:56

Spot gold has just broken through the $4,520.00/ounce mark, and is currently trading at $4,520.69/ounce, up 0.54% on the day; COMEX gold futures are currently trading at $4,550.00/ounce, up 0.39% on the day.

09:16:45

Spot platinum has just broken through the $1930.00/oz mark, last trading at $1930.09/oz, up 0.46% on the day; Nymex platinum futures main contract was last trading at $1937.2/oz, up 0.51% on the day.

07:39:53

May 29th Financial Breakfast: US and Iran may reach a memorandum of understanding pending Trump's approval; gold prices rebound from a two-month low; US oil may test the $85 mark. Details>

06:18:24

A Colombian mining organization issued a statement saying that Zijin Mining's Buritica gold mine suffered a deadly attack.

05:57:12

[CME Group Announces Margin Reduction for Gold and Silver Futures Contracts] 1. The Chicago Mercantile Exchange (CME Group) announced on Thursday that, after a routine review of market volatility and ensuring adequate collateral coverage, it has decided to reduce margin requirements for gold and silver futures contracts. 2. According to the announcement, the margin requirement for gold futures contracts with non-high-risk characteristics will be reduced from 6% to 5%, while the initial margin requirement for high-risk characteristics will be reduced from 6.6% to 5.5%. 3. For silver futures, the margin requirement for non-high-risk characteristics will be reduced from 11% to 10%, and the initial margin requirement for high-risk characteristics will be reduced from 12.1% to 11%. 4. In addition, margin requirements for platinum and palladium have also been reduced accordingly. These adjustments will take effect after the close of trading this Friday.

02:23:06

Gold's sharp rebound: PCE data ignites the fuse, Castle Securities points out the biggest overlooked variable. Details>

02:18:51

Spot silver prices have broken through the $76 per ounce mark, with a daily increase of 1.86% so far. As a commodity with both precious metal and industrial attributes, silver price fluctuations have recently been influenced by multiple factors, including the global macroeconomic situation, the dollar's performance, and changes in industrial demand. Future price movements will continue to be closely watched by market participants.

00:17:23

[US New Home Sales Fall Short of Expectations, Gold Prices Receive New Support] Gold had already accumulated upward momentum due to weak US economic growth in the first quarter. The sharp decline in US new home sales in April provided further support for gold prices, contributing to the precious metals market trend. According to data released by the US Census Bureau and the Department of Housing and Urban Development, seasonally adjusted US new home sales fell 6.2% month-on-month in April, dropping to 622,000 units, a significant decline from 663,000 units in March and far below economists' market expectations of 661,000 units. Looking at the whole year, new home sales declined 11.3% year-on-year, indicating a significant downward trend in the housing market. Currently, the US real estate market is mired in a development dilemma. On the one hand, insufficient new home supply, coupled with strong demand, has led to continuously rising prices. The median price of new homes in April reached $422,500, up 8% month-on-month and 2.2% year-on-year. On the other hand, increased inflationary pressures and market expectations of interest rate hikes have led to a simultaneous rise in mortgage rates. High housing prices and costs are deterring many potential homebuyers. As of the end of April, there were 489,000 new homes for sale in the United States, enough to meet market demand for only 9.4 months. The gold market reacted relatively calmly after the data release. The latest spot gold price was $4,437.60 per ounce, a slight decrease of 0.40% on the day. Prior to this, gold prices had fluctuated wildly, dipping to $4,366 per ounce during the European trading session, breaking below the 200-day moving average, before experiencing a significant rise before the North American market opened.

21:48:10

The Federal Reserve hinted at a one-off inflation shock, and gold is searching for direction amid triple expectations. Details>

20:38:45

[Gold Price Breaks Below 200-Day Moving Average: Not a Sharp Drop, but a "Slow Bleeding" Signal] ⑴ Gold prices remain sluggish. Affected by news of the US-Iran airstrikes, gold prices fell again, currently testing the 200-day moving average at $4393. This level provided precise support in March, and gold prices have not closed below the 200-day moving average since October 2023. ⑵ The problem with gold is that it has failed to function as a safe haven since the outbreak of the Iran war, and it has also failed to attract buying interest during the risk-averse rally that has driven stock markets to record highs. Market sentiment is heavy, and the technical picture is deteriorating. ⑶ The risk of the closing price breaking below the 200-day moving average has increased, but this is not a clean bearish signal. Looking back at the price action since 2010, after closing below the 200-day moving average, gold prices tend to slowly climb in the short term, subsequently lagging behind within a 30-60 day window. ⑷ Therefore, this signal suggests a "slow bleeding" decline rather than a one-time sharp drop. While the closing value of the 200-day moving average is worth noting, it should not be the primary trigger. Broader market sentiment is the dominant force, and with a lack of catalysts to change the narrative direction in the coming weeks, the risks for gold prices remain skewed to the downside.

20:15:08

Gold Technical Analysis: A Key Decision at the End of the Channel – PCE Data Will Determine Short-Term Direction Details>

18:08:43

In an effort to win the midterm elections, Trump shifted his approach to the US-Iran standoff. Details>

18:03:55

The Hong Kong Special Administrative Region Government reported that net gold exports to mainland China in April totaled 86.715 tons, up from 47.866 tons previously; total gold exports to mainland China in April totaled 99.327 tons, up from 79.576 tons previously.

17:59:26

Escalating tensions in the Gulf and soaring oil prices have led to a vicious cycle in which gold prices continue to fall amidst the turmoil. Details>

16:24:39

Revolutionary! The balance of power in US-Iran peace talks tilts, gold poised for a counterattack. Details>

15:53:01

[World Gold Council: Gold is the Top Viable Alternative to the US Dollar] ⑴ On May 28, the World Gold Council's Senior Market Strategist and Head of Public Policy for the Americas stated at the UBS Asia Investment Forum that the structural factors supporting gold demand remain robust and long-term. ⑵ As investors gain a deeper understanding of the gold market, the adoption rate of various gold investment instruments has increased globally. ⑶ From a central bank's perspective, gold is the top choice if looking for a viable alternative to the US dollar. ⑷ He revealed that as the gold market continues to develop, we are advancing the modernization of market infrastructure (including accelerating digitalization) to ensure that gold remains attractive and convenient for the next generation of investors.

15:45:57

[Gold Prices Extend Losses Below $4,400, Dragged Down by Continued Inflation and Interest Rate Concerns] ⑴ Gold prices extended the previous trading day's decline, remaining below $4,400 per ounce, due to continued concerns about the impact of the Iranian conflict on inflation and interest rates. ⑵ Saxo Bank analysts stated, "Gold prices fell to a two-month low as a new round of oil price surges followed by a sell-off in U.S. Treasuries and a stronger dollar, exacerbating concerns that a tight energy market will continue to exert upward pressure on inflation." ⑶ The bank stated that, at the same time, rising fuel prices are increasing pressure on some countries to sell gold reserves to support their currencies and economies struggling due to rising import costs. ⑷ New York gold futures fell 1.3% to $4,391 per ounce. Silver fell 1.5% to $73.74 per ounce.

15:03:32

[Commodity Futures Closing Prices] Silver fell 4.31% for the second consecutive day; TSR20 rubber rose 3.17% for the second consecutive day; gold fell 2.84% for the second consecutive day; platinum fell 2.59% for the second consecutive day; PTA rose 2.52% for the second consecutive day; paraxylene rose 2.41% for the second consecutive day; European route futures for container shipping rose 2.37% for the second consecutive day; staple fiber rose 2.29% for the second consecutive day; bottled fiber rose 2.29% for the second consecutive day; and rapeseed oil rose 2.23% for the second consecutive day.

14:52:33

[Foreign Exchange Traders Await Official Japanese Data; May Have Intervened in Currency Market with Up to 10 Trillion Yen] ⑴ Foreign exchange traders are eagerly awaiting official data from Japan's Ministry of Finance on Friday to understand how much effort the authorities have put into supporting the yen over the past month. The yen is currently under pressure around 160 yen to the dollar. ⑵ The yen rebounded in late April and early May after the Ministry of Finance instructed the central bank to intervene in the market to defend the exchange rate, but has since given back most of those gains. ⑶ Preliminary analysis of the Bank of Japan's accounts suggests that the authorities may have used up to 10 trillion yen (approximately US$63 billion) to boost the yen from April 30th until the end of Japan's "Golden Week" holiday on May 6th. ⑷ Although Japanese officials declined to comment directly on whether there was intervention, a source familiar with the matter said that there was indeed intervention on April 30th, and the exchange rate movement until May 6th also showed characteristics of government buying.

14:25:37

Silver prices have continued to decline, approaching a three-week low; be wary of a downward breakout. Details>

13:10:15

Hong Kong-listed gold stocks declined, with Shandong Gold down 8.4% and China Gold International down 8.7%.

12:46:43

[International Gold Prices Fall to Two-Month Low Due to Stronger Dollar and Inflation Concerns] ⑴ On Thursday, international gold prices fell to a two-month low due to the strengthening dollar, rising oil prices, and heightened market concerns about inflation, coupled with an uncertain interest rate outlook, influenced by the renewed US strikes against Iran. ⑵ Spot gold fell 1.7% to $4,375 per ounce, having earlier touched its lowest level since March 26. June-delivery US gold futures fell 1.6% to $4,377. ⑶ The dollar rose to a one-week high, increasing the cost of dollar-denominated gold for holders of other currencies. ⑷ Analysts stated, "Geopolitical tensions remain high, and there have been numerous instances of unsubstantiated positive news regarding peace negotiations. Therefore, the dollar is expected to continue to receive buying support, and gold prices are likely to remain under pressure."

12:04:00

Institutions have lowered their year-end gold price forecasts to $5,500, but the long-term bullish logic remains unshaken. Details>

11:01:40

Institutions predict silver could reach $100 this year, but the upward trend is unlikely to continue. Details>

10:43:07

Institutions: Gold's long-term bullish trend remains unchanged; gold is expected to challenge the $8,000 mark before 2030. Details>

10:37:48

[US-Iran Conflict Escalates Interest Rate Expectations, Gold Prices Fall to Two-Month Low] 1. International gold prices fell significantly on Thursday, briefly dropping below the $4,400 mark to $4,396.71 per ounce, a new low since March 27. This was mainly due to the impact of the new round of US military strikes against Iran. This event pushed up oil prices, exacerbated market concerns about inflationary pressures, and made the future direction of the Federal Reserve's interest rates more uncertain. 2. According to US officials, shortly after President Trump denied reports that Iran had resumed the Strait of Hormuz shipping agreement, the US military struck a military target in Iran that was considered a threat to the safety of US troops and merchant ships in the Strait of Hormuz. 3. Affected by the continued escalation of US-Iran tensions, oil prices rose by about 2% in early Asian trading, and market risk aversion increased. 4. Federal Reserve Governor Cook said on Wednesday that short-term interest rates should remain stable for now, but she is prepared to raise interest rates if tariffs, the Iranian conflict, and artificial intelligence-related investments drive up prices. Federal Reserve Vice Chairman Jefferson emphasized that the U.S. labor market has shown strong resilience to energy shocks, and the current focus should be on pulling inflation back to the 2% target range.

10:18:00

【Short-term trading advice for spot gold: range-bound trading, buy on dips and sell on rallies】 (1) Reasons for analysis: The US dollar index and US Treasury yields remain strong, limiting the rebound space of gold prices. The uncertainty of the geopolitical situation further weakens the support for gold prices, and gold has returned to the lower edge of the range in the short term. At present, the market is waiting for the US PCE data to judge the Fed's policy direction. In the short term, gold will maintain a range-bound pattern, and there is a possibility of a downward break in the technical aspect. We are waiting for the direction to be chosen. (2) Key focus: US Treasury yields, US dollar index, geopolitical situation, US PCE price index (3) Resistance: 4450, 4480, 4500 (4) Support: 4400, 4380, 4350;

09:59:22

Gold prices continued to decline amid heightened uncertainty surrounding US-Iran negotiations and the approaching PCE data release. Details>

23:40:06

Opportunity cost has returned to market focus, with UBS lowering its year-end 2026 gold price forecast to $5,500. Details>

21:58:51

The safe-haven premium has been violently squeezed out! Is this drop in gold prices even more brutal than interest rate hikes? Details>

21:39:06

A Panoramic View of Four Major Asset Classes: The Exclusive Advantages of US Hegemony and Signals of Trading Turning Points Details>

21:11:51

The US says it has identified new targets in Iran in preparation for resuming strikes, sending gold prices to a new intraday low, currently down more than 2% at $4,414 an ounce.

20:41:24

[Caixin Futures: Non-ferrous and New Energy Metals Generally Fluctuate, Lithium Carbonate Spot Price Falls to 175,450 Yuan/Ton] ⑴ Shanghai Copper: Fluctuating. On the macro front, renewed tensions between the US and Iran, and the potential continuation of the inflationary shockwaves triggered by the Middle East conflict, have amplified market expectations for a Fed rate hike. On the fundamental front, the tight spot market has improved marginally, but the supply of high-quality copper remains tight, and high copper prices are suppressing downstream purchasing intentions, with companies mostly replenishing their stocks as needed. Copper prices are expected to remain volatile in the short term. ⑵ Shanghai Aluminum: Fluctuating. The macro front is also affected by tensions between the US and Iran and expectations of a rate hike. On the fundamental front, overseas supply gaps and low inventories continue to provide bottom support, while the unexpected accumulation of domestic inventories will continue, dragging down domestic aluminum prices. Overall, aluminum prices are expected to fluctuate in the short term. ⑶ Shanghai Zinc: Fluctuating. The macro front is affected by geopolitical tensions and expectations of a rate hike. Overseas processing fees remain low due to mining disruptions, smelters have extremely low production intentions, and strong expectations of supply contraction provide bottom support, but demand is weak. Zinc prices are expected to remain volatile in the short term. (4) Precious Metals: Prices are expected to fluctuate with a slight downward bias. With renewed tensions between the US and Iran, the seesaw effect between crude oil and precious metals has led to a continued decline in precious metal prices. Considering the significant uncertainty surrounding the Middle East conflict and strong expectations of a Fed rate hike, gold and silver prices are unlikely to see significant improvement and are expected to fluctuate with a slight downward bias. (5) Lithium Carbonate: Prices are expected to fluctuate downwards. Lithium prices have continued to fluctuate downwards. The previous rebound to 200,000 yuan/ton was mainly supported by factors such as contracted lithium mine supply in Jiangxi, tight overseas lithium mine shipments, and strong downstream demand. The current market logic has shifted. Lithium carbonate shipments from Chile and Argentina remain high, and with lithium mines from Zimbabwe arriving in July, the supply and demand situation is becoming more relaxed. The expectation of a medium-term supply easing continues to suppress the market. Downstream purchasing intentions are weak, spot prices have been successively lowered, and futures are showing a deep discount. Market open interest has declined, and funds continue to flow out. At present, there is no clear opportunity for bottom-fishing. Today, the spot price of battery-grade lithium carbonate fell by 1,850 yuan to 175,450 yuan/ton.

20:21:37

Spot gold rose by about $25 in the short term, reaching a high of $4,454 per ounce.

18:48:33

Iran says it has not yet reached an agreement with the United States on the Strait of Hormuz, causing spot gold to fall further; it is currently down 1.24%.

18:13:13

[HKEX: Launches Market-Wide Trading Fee Waiver for Gold Futures] The Hong Kong Stock Exchange (HKEX) announced a market-wide trading fee discount for US dollar gold futures contracts, along with incentive programs for liquidity providers and active traders. These arrangements will take effect in July 2026 for a period of twelve months and are subject to change by the Exchange from time to time. I. The Exchange will waive the original US$1 trading fee (calculated per contract per side) for US dollar gold futures contracts. This fee waiver will apply from July 6, 2026 to June 30, 2027 (inclusive). II. Applications are now open for the Liquidity Provider Incentive Program and the Active Trader Incentive Program for US dollar gold futures, with the program period from July 6, 2026 to June 30, 2027 (inclusive). Applicants may only participate in one of the Liquidity Provider Program or the Active Trader Incentive Program and cannot participate in both programs simultaneously. Applicants who intend to participate in the Liquidity Provider Incentive Program, or who intend to participate in the Active Trader Incentive Program from July 6, 2026, must submit their applications on or before June 16, 2026.

17:39:04

[Gold Prices Under Pressure for Second Consecutive Day as US-Iran Peace Talks Fade, Rising Rate Hike Expectations Threaten $4450 Level] ⑴ Spot gold fell as much as 0.3% to $4494.16 per ounce on Wednesday, marking its second consecutive day of decline. Iran stated on Tuesday that the US had attacked targets near the Strait of Hormuz, violating the ceasefire agreement, shaking market hopes for a peace agreement between the US and Iran, while inflationary concerns stemming from the conflict persist. ⑵ Analyst Lukman Otunuga stated that as hopes for a peace agreement fade, gold prices have retreated and are approaching the $4450 support level. Price pressures from the conflict are steadily increasing market expectations for a Federal Reserve rate hike, putting further downward pressure on gold. ⑶ If further signs emerge indicating rising price pressures, it could further strengthen market bets that the Federal Reserve will maintain higher interest rates for an extended period, posing a greater downside risk to gold.

16:51:49

Iran says agreement reached; Trump cabinet holds emergency closed-door meeting, accelerating US-Iran negotiations. Details>

16:31:37

Escalating US-Iran conflict vs. UBS lowering its target: Who should we trust for silver? Details>

14:34:36

Indian gold demand is expected to drop by 10%! Will this further worsen global gold prices? Details>

14:19:26

[Fragile US-Iran ceasefire coupled with uncertainty surrounding Fed signals sends gold prices below $4,500] 1. Gold prices edged lower on Wednesday, with spot gold briefly falling below $4,500 and currently trading around $4,488 per ounce, a drop of about 0.4%. Investors are closely watching the still fragile ceasefire between the US and Iran, while awaiting comments from Federal Reserve officials for clues about the direction of monetary policy. 2. Ilya Spivak, global macro director at Tastylive, said the overall trend remains downward, but the market is in a prolonged consolidation phase, as reflected in today's price action. He noted that the market is increasingly focused on whether a genuine breakthrough can be achieved between the US and Iran. 3. Iran accused the US on Tuesday of launching attacks near the Strait of Hormuz, a move that violates the existing ceasefire agreement and could further complicate diplomatic efforts to end the war. Meanwhile, US Secretary of State Rubio stated that reaching an agreement to cease hostilities could still take "a few more days." Both sides had previously indicated progress in drafting a preliminary agreement to end hostilities and restore shipping across the Strait. 4. Investors are also awaiting comments from Federal Reserve Vice Chairman Jefferson, Governor Cook, and other policymakers to assess the impact of inflation on future monetary policy stances. Furthermore, the US April Personal Consumption Expenditures (PCE) data, scheduled for release on Thursday, is also closely watched, with the market hoping for further policy clues. 5. Spivak added that inflation risks and bond market movements have a significant impact on market sentiment, to the point that investors' attention has shifted away from gold's own returns. He warned that if the current trend continues, gold prices could fall to "around $3700 to $3800" by the end of the year.

13:43:55

Escalating tensions in the Middle East are increasing demand for the US dollar as a safe haven, while hawkish expectations from the Federal Reserve are keeping gold prices hovering around the $4,500 mark. Details>

13:41:52

Spot platinum has just broken through the $1930.00/oz mark, and is currently trading at $1929.90/oz, down 1.56% on the day; Nymex platinum futures are currently trading at $1939.1/oz, down 0.64% on the day.

13:35:50

Spot silver has just broken through the $76.00/ounce mark, and is currently trading at $75.99/ounce, down 1.23% on the day; COMEX silver futures are currently trading at $76.34/ounce, down 0.35% on the day.