Metals & Macro Liquidity

The Federal Reserve Bank of Philadelphia reported its manufacturing business outlook index for June rose to 10.3, compared to May's reading of -0.4, exceeding economist expectations of 9.8. The rebound coincided with continued selling pressure in the gold market, with spot gold trading at $4,246.80

According to Kitco News, the Federal Reserve Bank of Philadelphia reported in June that its Manufacturing Business Outlook Index rose to 10.3, rebounding sharply from May's reading of -0.3 and beating economist expectations of 9.8. The survey indicated broad-based improvement across the region's

Spot gold declined 1.10% to $4,210.35 per ounce during New York's closing on Thursday, June 18, after reaching an intraday high of $4,329.87 at 10:13 Beijing time. COMEX gold futures fell 3.41% to $4,232.00 per ounce. Spot silver dropped 3.27% to $65.7071 per ounce, while COMEX silver futures declin

The Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of the year. Newly minted Fed Chair Kevin Warsh highlighted the central bank's commitment to controlling inflation during his press conference, causing

According to the Shanghai Gold Exchange, gold T+D closed down 0.53% at 935.78 yuan per gram, while silver T+D closed down 2.12% at 16,425 yuan per kilogram on Thursday evening, June 18.

The U.S. Department of Treasury auctioned $24 billion of 5-year Treasury Inflation-Protected Securities (TIPS) on June 18, with a winning yield of 1.955% and a bid-to-cover ratio of 2.61.

Spot gold fell over 1% intraday on June 18, trading at $4,215.05 per ounce.

Wells Fargo raised its year-end gold price target to $5,300-$5,500 per ounce on Tuesday and projects prices will climb further to $5,800-$6,000 by the end of 2027. The bank's strategists presented the outlook during a mid-year webinar, with Sameer Samana, Head of Global Equities and Real Assets

According to Wells Fargo, on Tuesday the bank raised its year-end gold target to $5,300–$5,500 an ounce, and expects prices to climb further to $5,800–$6,000 by the end of 2027. The bank's strategists argue that forces driving gold's rally are structural rather than cyclical, suggesting the bull

The Federal Reserve held interest rates steady Wednesday in Kevin Warsh's first meeting as chair, with a unanimous vote masking a sharply divided committee over whether to raise rates this year. The Federal Open Market Committee kept its benchmark rate in a range of 3.5% to 3.75%, dropped its

According to Kitco News, the Federal Reserve held interest rates steady in a range of 3.5% to 3.75% on Wednesday in Kevin Warsh's first meeting as chair, but released projections revealing deep committee divisions over rate policy. Nine of 18 officials projected at least one rate hike in 2026,

Spot silver declined 2.00% during intraday trading, currently trading at $66.57 per ounce.

According to Kitco News, spot gold and silver prices dropped sharply after the Federal Reserve held rates unchanged Wednesday, while signaling that inflation could prompt another rate hike later in 2026. Spot gold traded near $4,260.10 an ounce,

Spot silver fell 1.5% intraday as of June 18, trading at $66.73 per ounce.

According to Jin10, on June 19, China and U.S. stock markets will close for the day, as the Dragon Boat Festival coincides with Juneteenth. A-shares, Hong Kong stocks, Taiwan stocks, and U.S. equities will all halt trading. Domestic Chinese futures exchanges will not operate. CME precious metals, en

Spot silver fell nearly 1% during intraday trading on June 18, currently trading at $67.24 per ounce.

According to ChainCatcher and CoinGlass data, the Federal Reserve's hawkish signals pressured gold prices on June 18. Gold (XAUT) fell to $4,280.41, down 0.62% in 24 hours. Global XAUT spot trading volume reached $293 million in 24 hours, with Gate's XAUT/USDT pair accounting for $266.57 million in

According to Shanghai Gold Exchange, gold T+D closed down 0.53% to 935.78 yuan/gram and silver T+D fell 2.12% to 16,425 yuan/kilogram on Thursday, June 18.

According to Jin10, Shanghai gold was fixed at 935.58 yuan per gram at the noon fixing on June 18, 2026, trading 0.33 yuan per gram above the international spot price of 935.25 yuan per gram.

Spot platinum rose 0.77% and spot palladium gained 0.81% as of 3 p.m. Beijing time on June 18.