Metals & Macro Liquidity

Nouriel Roubini, the economist known for predicting the 2008 financial crisis, has co-authored a whitepaper for USAFi, a new ERC-20 digital security backed by the Atlas America Fund. The fund, listed on Nasdaq under ticker USAF and registered with the U.S. Securities and Exchange Commission,

According to the Shanghai Gold Exchange, gold T+D closed down 0.35% at 900.43 yuan per gram during evening trading on June 23. Silver T+D declined 2.75% to close at 14,827.0 yuan per kilogram over the same

According to Jin10, Shanghai gold futures closed down 0.82% overnight on June 24, settling at 902 yuan per gram, while Shanghai silver futures fell 4.36% to 14,868 yuan per kilogram. SC crude oil futures declined 1.52% to 492 yuan per

Morgan Stanley commodity strategists stated in a Monday research note that gold will face difficulty reaching $5,200 per ounce in the second half of 2026 without meaningful ETF inflow recovery. Analysts Amy Gower and Martijn Rats attributed this challenge to the Federal Reserve's hawkish tone at

Bank of America revised its near-term gold price outlook after the Federal Reserve's shifting monetary policy stance created obstacles for the precious metal. In January, the bank predicted gold would reach $6,000 per ounce by spring, but the metals research team led by Michael Widmer now says

According to PR Newswire, economist Nouriel Roubini announced on June 23 the launch of USAFi, a permissionless ERC-20 digital security backed by the Atlas America Fund (USAF ETF). The tokenized product represents ownership of USAF, which provides exposure to U.S. Treasuries, real estate, gold, and a

On June 23 evening, Shanghai Gold Exchange gold T+D (spot deferred trading) declined 0.5% to 899.0 yuan per gram, while silver T+D fell 1.89% to 14,959.0 yuan per kilogram.

According to Guangfa Futures research note, Shanghai gold futures fell to 897.9 yuan/gram, down 2.04%, on June 23, while Shanghai silver futures dropped over 6% to below 15,000 yuan/kilogram, as a stronger U.S. dollar pressured precious metals amid Federal Reserve hawkish signals released after

According to BlockBeats, on June 23, Deutsche Bank lowered its gold price forecast, citing a hawkish Federal Reserve stance, resilient U.S. economic data, and weakening investment demand. The bank now targets gold at $4,800 per ounce in Q4 2026. Deutsche Bank warned that if the Fed raises rates

According to Nornickel, the Russian palladium and nickel producer predicts global palladium surplus of 300,000 oz in 2026 and 200,000 oz in 2027, excluding changes in investment and inventory.

Spot gold fell below the $4,100 per ounce threshold on June 23, with London spot gold dropping over 2% to a low of $4,090.50 per ounce, while spot silver declined nearly 5% to below $61.80 per ounce. The decline followed hawkish signals from new Federal Reserve Chair Kevin Walsh, prompting Wall

According to Jin10, on June 22, multiple Chinese banks including Industrial and Commercial Bank of China, China Construction Bank, and Agricultural Bank of China raised margin requirements for precious metals futures contracts. ICBC raised gold margin from 100% to 140% and silver from 99.96% to 119.

According to Jin10 data, spot silver plummeted 5% to $61.83 per ounce and spot gold broke below $4,100 per ounce on June 23, with intraday decline of 2.26%. Both commodities hit their lowest levels since June 11.

Spot silver dropped 4.5% intraday on June 23, trading at $62.12 per ounce.

According to Zhitong Finance, Merdeka Gold (06228), an Indonesian gold miner, completed its Hong Kong secondary listing offering on June 23, raising HK$690 million in broker financing with 1.88 times oversubscription. The company issued approximately 89.67 million HDRs, with each HDR

According to Jin10, Shanghai Gold's afternoon fixing price stood at 897.32 yuan per gram on June 23, trading 1.32 yuan per gram below the international gold price of 898.64 yuan per gram.

According to Shanghai Securities News, China's ChiNext index fell 3.84% on June 23, while the Shenzhen Component Index dropped 3.17% and Shanghai Composite declined 1.37%. Precious metals and PCB concept stocks led the decline, with multiple stocks hitting daily lows including Zhongxi Nonferrous

According to Jin10, spot platinum declined 2.58% and spot palladium fell 3.32% as of 15:00 Beijing time on June 23.