Metals & Macro Liquidity

Capital.com reported $1.13 trillion in client trading volume during the second quarter, with Gold accounting for 42.4% of all platform activity as geopolitical tensions, volatile commodity markets and shifting U.S. interest rate expectations drove retail traders toward precious metals. The online tr

According to Capital.com, Gold dominated retail trading on the platform during Q2 2026, accounting for 42.4% of $1.13 trillion in total trading volume between April and June. The most actively traded instrument by a significant margin, Gold's dominance reflected three distinct market themes:

On July 9, Shanghai Gold Exchange gold futures (T+D) closed at 897.46 yuan per gram, down 0.6%. Silver futures (T+D) closed at 14,443.0 yuan per kilogram, down 2.11%.

According to Jin10 Futures, spot platinum rose 1.86% and spot palladium rose 1.78% in midday trading as of 15:00 Beijing time on July 9.

Palladium spot price climbed 2.00% intraday to $1,238.87 per ounce as of July 9.

HSBC has lowered its average gold price forecasts for 2026 and 2027 to $4,560 and $4,925 per ounce, respectively, down from prior estimates of $4,864 and $5,000. The revisions reflect the bank's updated outlook on gold market dynamics during these

HSBC forecasts gold prices will reach $5,025 per ounce by the end of 2027, according to the bank's latest outlook.

According to Gate data, spot gold touched $4,100 per ounce, up 0.55% today.

Hong Kong stocks declined over 200 points in afternoon trading, with the Hang Seng Index falling below the 24000 level as of 2:05 PM. Selling pressure intensified during the afternoon session after the market opened down 18 points and briefly rallied 154 points earlier in the day. The decline

NYMEX gold futures broke through $4,100 per ounce with a 0.34% intraday gain on July 9, while NYMEX silver futures surged past $59 per ounce, up 0.53% during the same trading session.

According to Federal Reserve minutes from its June meeting chaired by new Chair Jerome Powell, nine of 19 officials now expect at least one rate hike this year, with six predicting two increases. The majority emphasized that "upside risks to price stability remain elevated" and favored removing

According to CME data released by Jin10 Futures on July 9, on July 8 gold, WTI crude oil, and Brent crude oil all saw increases in both trading volume and open interest. Gold recorded a trading volume of 214,083 contracts and open interest of 371,921 contracts, up 82,770 and 145 contracts

According to Guru Club, on July 9, spot silver fell 1% to $57.73 per ounce.

According to Guru Club, Shanghai silver futures (August contract) fell 5.01% intraday on July 9, trading down to 14,092 yuan/kg. Trading volume exceeded 112 billion yuan, with daily position increases of approximately 1,600

According to Jin10, domestic gold jewelry prices declined approximately 10 yuan per gram on July 9 compared to the previous day. Multiple domestic brands' pure gold jewelry prices are now trading in the range of 1,235-1,242 yuan per gram.

According to Comex data, gold futures fell on July 8, closing at $4,086.60 per ounce with a decline of 1.70%, while Shanghai Futures Exchange (SHFE) gold also dropped 1.47% to 892.30 yuan per gram. The decline was driven by mixed signals from the Federal Reserve's June meeting minutes, which

According to China's National Bureau of Statistics, the country's June consumer prices fell 0.3% month-over-month. Gold ornament prices dropped 8.7% and gasoline prices declined 4.9%, both driven by international market fluctuations. These two factors combined to reduce consumer inflation by

Spot silver declined to $58 per ounce today (July 9), falling 0.54% during intraday trading.

According to the Shanghai Gold Exchange, on July 9, gold T+D prices declined 1.21% to 891.93 yuan per gram in early morning trading, while silver T+D prices fell 3.5% to 14,237.0 yuan per kilogram.

Park Hyun-sik, Research Team Leader at Hana Bank's Hana The Next Strategy Division, recommended in an interview on the 9th that investors increase allocations to US stocks and bonds for the second half, maintaining currency exposure despite elevated dollar-won exchange rates. Park proposed a