Metals & Macro Liquidity

According to Jin10, as of Sept 18, 3:24 PM, China's commodity futures recorded significant capital flows. Index-linked contracts led inflows, with CSI 100 receiving 6.643 billion yuan, CSI 300 attracting 5.278 billion yuan, and

JPMorgan analysts led by Nikolaos Panigirtzoglou stated in a Wednesday report that Bitcoin ETF demand could receive more support than gold if investors unwind their hedges. The analysis hinges on Bitcoin carrying heavier defensive positioning than gold, reflected in elevated short interest and put-t

According to JPMorgan analysts in a Wednesday report, Bitcoin ETFs could receive more support than gold if hedging demand declines, pointing to higher defensive positioning in Bitcoin versus gold. The bank noted that gold ETFs have fully recovered their 2026 outflows, while Bitcoin ETFs have

Spot gold touched $4,390 per ounce today, gaining 1.11% during the session.

Gold futures rose 1.00% during intraday trading on September 18, reaching $4,424.50 per ounce.

Shanghai Silver main contract surged 4.00% intraday on September 18, now trading at 16,267 yuan per kilogram.

Palladium futures contracts gained 2.00% during today's session, trading at 310.20 yuan per gram.

Spot silver gained 2.00% intraday to $66.52 per ounce, while spot gold surged past $4,370 per ounce with a daily gain of 0.69% as of today, September 18.

SPDR Gold Trust, the world's largest gold ETF, increased its holdings by 0.856 tons compared to the previous day, bringing total holdings to 1,052.844 tons.

Goldman Sachs maintained its bullish long-term gold price forecast in a report on the 18th, projecting gold will reach $5,400 per ounce by the end of 2007, despite the Federal Reserve raising interest rates and signaling potential further increases. Analyst Lina Thomas stated the firm is keeping its

According to Financial Times, on September 18, the Venezuelan government and opposition reached near-agreement to transfer approximately $4 billion in gold reserves held at the Bank of England to the Federal Reserve Bank of New York. Interim President Rodriguez's government would gain legal

According to Goldman Sachs analyst Lina Thomas on September 18, the firm maintained its year-end 2027 gold price target of $5,400 per ounce but lowered its year-end 2026 target to $4,650 per ounce from $4,900. The downgrade reflects near-term headwinds from potential Federal Reserve rate hikes,

According to Bloomberg senior ETF analyst Eric Balchunas, Bitcoin ETF assets could reach three times the size of gold ETF assets over the long term, he reiterated on X today (September 18). Balchunas attributed this to Bitcoin's younger investor base, anticipated adoption from large funds as Bitcoin

According to UBS strategist Giovanni Staunovo, the Federal Reserve's rate hike to 3.75%-4% on September 16 will pressure gold prices in the short term through stronger U.S. dollar and elevated real yields. However, UBS maintains a positive long-term outlook, forecasting gold to reach $4,600 by

According to Guru Club, spot gold broke below $4,340 per ounce today (September 18).

According to Guangdeshi Futures, U.S. initial jobless claims fell to 196,000 overnight, the lowest level since 1969, while the Federal Reserve raised interest rates in September and signaled further hikes possible through year-end. Continuing jobless claims also hit a 14-month low at 1.73 million. A

JPMorgan analyst Nikolaos Panigirtzoglou and his team said in their latest report that short positions in BlackRock’s iShares Bitcoin Trust ETF (IBIT) remain at one of the highest levels of the year, while short positions in the SPDR Gold ETF are below their historical average. This divergence shows that Bitcoin’s overall positioning environment is currently more cautious than gold’s, possibly due to greater hedging demand. Debasement Trade Stalls: Bitcoin ETF Inflows Recover Only 50%, While Gol

According to Jin10 Futures, gold (Au99.99%) retreated to 929.1 yuan/gram as of September 17, declining 3.5% since the beginning of September. The pullback was driven by rising crude oil prices following Saudi pipeline shutdowns amid Middle East tensions, which pushed inflation expectations higher, a

Spot palladium broke above $1,300 per ounce today, rising 1.85% intraday.

According to Jin10, Shanghai gold traded at 938.59 yuan per gram on Friday morning, September 18, holding a 2.03 yuan premium over the international gold price of 936.56 yuan per gram.