overnight, the precious metals market experienced a “V-shaped” recovery.
Buoyed by news that Iran and Oman are beginning to draft a joint management agreement for the Strait of Hormuz,
the market’s extreme concerns over energy transportation disruptions eased,
and international gold prices oscillated back up from intraday lows.
By the close, COMEX gold’s decline narrowed to 1.7%,
and COMEX silver’s decline narrowed to 2.7%.
The evolution of news headlines dominated the rhythm of gold price fluctuations yesterday.
Trump did not provide a timetable for troop withdrawal in his nationwide televised speech,
but instead emphasized heavy strikes on Iran in the next two to three weeks.
The market generally interpreted this statement as “pre-war reassurance” rather than “post-war summary,”
geopolitical tensions rose again, and international oil prices surged accordingly.
The spike in oil prices intensified the risk of runaway inflation,
and market expectations for Fed rate cuts were further suppressed,
causing precious metals to fall rapidly.
Until the night session, Iran released positive signals of jointly managing the Strait of Hormuz with Oman and ensuring safe navigation,
which eased market sentiment,
and crude oil retraced some gains, with gold and silver rebounding accordingly.
(Guangda Futures)
大華期貨：霍爾木茲共管信號提振情緒，金價收復部分失地
overnight, the precious metals market experienced a “V-shaped” recovery.
Buoyed by news that Iran and Oman are beginning to draft a joint management agreement for the Strait of Hormuz,
the market’s extreme concerns over energy transportation disruptions eased,
and international gold prices oscillated back up from intraday lows.
By the close, COMEX gold’s decline narrowed to 1.7%,
and COMEX silver’s decline narrowed to 2.7%.
The evolution of news headlines dominated the rhythm of gold price fluctuations yesterday.
Trump did not provide a timetable for troop withdrawal in his nationwide televised speech,
but instead emphasized heavy strikes on Iran in the next two to three weeks.
The market generally interpreted this statement as “pre-war reassurance” rather than “post-war summary,”
geopolitical tensions rose again, and international oil prices surged accordingly.
The spike in oil prices intensified the risk of runaway inflation,
and market expectations for Fed rate cuts were further suppressed,
causing precious metals to fall rapidly.
Until the night session, Iran released positive signals of jointly managing the Strait of Hormuz with Oman and ensuring safe navigation,
which eased market sentiment,
and crude oil retraced some gains, with gold and silver rebounding accordingly.
(Guangda Futures)