Metals & Macro Liquidity

According to Jin10 Futures, on November 3, 2026, Shanghai Futures Exchange (SHFE) precious metals and nonferrous metals warehoused inventory showed mixed movements, with most major commodities declining compared to the previous trading day. Copper futures inventory fell 1,150 tons to 9,450 tons,

According to Jin10, Shanghai gold's noon fix on November 3 stood at 841.08 yuan per gram, trading 1.66 yuan per gram above the international gold price of 839.42 yuan per gram.

Gold traded near $3,921 an ounce on Tuesday 3 November, down $25.56 or 0.65 percent, giving back part of Monday's rebound from Friday's one-year low of $3,870.27 (Trading Economics, 3 November). The bounce stalled below $3,950 after the ISM manufacturing PMI came in at 55.5 for October

Spot silver extended its decline today, falling 3% to $49.12 per ounce.

According to CoinGlass, on November 3, Gate's XAU (gold) contract trading volume reached $641 million, ranking second among centralized exchanges globally, with open interest of $308 million ranked third. XAU spot price climbed to approximately $3,956.01, up 0.99%, while XAG (silver) rose to $50.42,

According to the World Gold Council, global physical gold ETFs returned to net inflows of 211 tonnes in the third quarter of 2026, reversing outflows seen in Q2. Total holdings in gold ETFs climbed to 4,256 tonnes, reaching an all-time

According to CME data, on November 2, natural gas trading volumes and open interest both increased, with volumes up 2,340 contracts and open interest up 2,423 contracts compared to the previous trading day. In contrast, silver and copper trading and positioning cooled across the board. Silver volume

According to the World Gold Council on November 3, India's smuggled gold imports surged to 50 tons in Q3 (July-September), up more than 15-fold from 3 tons in the same period last year, according to data from consultant Metals Focus. The spike follows India's decision to double gold and silver impor

According to the World Gold Council, central banks net purchased 321 tonnes of gold in Q3 (through September), marking the fastest pace since late 2024. Despite headwinds from rising oil prices and higher interest rates, year-to-date gold purchases reached 675 tonnes as of September, slightly higher

According to the World Gold Council, India's gold demand in 2026 is estimated to decline 15% year-on-year, reaching a six-year low.

According to Jin10 data, on November 3, domestic gold jewelry prices increased, with most brands' pure gold jewelry trading at 1,173-1,185 yuan per gram, up approximately 12 yuan from the previous day.

International gold prices held steady near $3,950 an ounce on November 3 after rebounding on hopes for peace negotiations between the US and Iran. Spot gold traded at $3,944.23 an ounce as of 10:22 a.m. Singapore time, little changed from the previous session, according to Bloomberg. The rebound

On Nov 3 morning close, international crude oil prices retreated as geopolitical premium unwound following elevated U.S.-Iran negotiation expectations, dragging domestic oil products and chemical chains lower. Container shipping Europe routes faced headwinds with spot rates under pressure despite ti

Spot silver touched $50 per ounce today (Nov 3), declining 1.27% during the session.

According to Benzinga, silver prices have fallen 29% below their 200-day moving average at $70.73 per ounce, marking the widest divergence since March 2020 amid a near 60% pullback from this year's record highs. Tavi Costa, founder of Azuria Capital, suggested in a recent Substack report that the p

According to UBS CEO on November 3, the bank has not observed clients engaging in "large-scale" de-risking activities. Real estate demand has shown some weakness. Gold continues to represent an important investment choice for the bank's clients.

Gate News: According to an official Gate announcement on November 4, 2026, to mitigate the risks of increased market volatility, declining liquidity, wider spreads, and price gaps during the U.S. midterm elections, Gate CFD will temporarily cap leverage on certain trading instruments with multiple leverage tiers from 07:00 to 15:00 Beijing time on November 4. The restricted trading instruments include gold (XAUUSD, maximum leverage 50x), silver (XAGUSD, maximum leverage 50x), crude oil (XTIUSD,

According to a statement from Hong Kong Securities Futures Commission executive director Wu Jialing on Nov 3, the SFC will introduce an "Innovation Pathway" to combine tokenized funds with digital currencies, aiming to enhance liquidity and asset management efficiency. The first batch of tokenized m

According to Jin10, Shanghai gold traded at 847.21 yuan per gram on Tuesday, November 3, early session, trading 1.69 yuan higher than the international gold price of 845.52 yuan per gram.

As of 09:30 Beijing time on November 3, New York gold futures declined 0.08 percent, silver futures fell 0.83 percent, and copper futures dropped 0.57 percent.