Metals & Macro Liquidity

Rick Rule warned that junk bond ETFs holding trillions in assets face a liquidity mismatch risk that could force the Federal Reserve to resume money printing during a July 7, 2026 interview with David Lin at the Rule Symposium in Boca Raton, Florida. Rule, co-founder

Craig Hemke at Sprott Money stated that gold and silver price lows for 2026 are likely already established following a four-month period of weakness. The precious metals experienced pressure after the Iran War caused inflation expectations and rate hike projections to rise, with crude oil surging

According to Craig Hemke at Sprott Money, gold and silver prices likely hit their 2026 lows in late June, with recovery expected as inflation concerns ease. The precious metals' weakness followed the Iran War, which sent crude oil surging from $65 to $110 per

Gold held above $4,100 on Tuesday morning as spot gold traded near $4,169.39 an ounce, up 0.10%, while spot silver traded near $61.397, down 1.03%. The modest gains came as Treasury yields moved higher to 4.499% on the 10-year note

MKS PAMP maintains its 2026 average gold price forecast of $4,500 per ounce despite the precious metal's sharp correction from record highs, according to the firm's mid-year outlook. Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, argues the recent selloff represents a reset in

According to Kitco, spot gold was trading near $4,169.39 an ounce, up 0.10%, while spot silver traded near $61.397, down 1.03%, in early Tuesday trading ahead of the North American market open. The 10-year Treasury yield rose to 4.499%, while the U.S. dollar index firmed to 100.91. Positioning

According to MKS PAMP analyst Nicky Shiels' mid-year outlook, the precious metals refiner is maintaining its 2026 average gold price forecast of $4,500 per ounce, despite the metal's sharp correction from record highs. Shiels argues that gold's recent selloff represents a transition from an

On Tuesday (July 7), emerging market ETF fell 2.74%, with Nasdaq 100 ETF declining 1.85%, making these two classes the steepest decliners among major U.S. ETFs. Barclays U.S. Convertible Bond ETF, gold ETF, and 20+ year U.S. Treasury ETF lost up to 1.41%, while Russell 2000 Index ETF fell 0.91%.

According to COMEX trading data on July 7, August gold futures (GCQ6) declined $9.50 (0.23%) to $4,158 per troy ounce, reversing a three-day gaining streak. The pullback follows a recovery from a June 30 low of $3,960. Downward pressure on gold stems partly from rising U.S. Treasury yields amid

Spot silver fell 4.0% intraday on July 7 to $59.51 per ounce, while Brent crude oil rose 6.0% to $76.34 per barrel. The oil price surge followed a new tanker attack in the Strait of Hormuz. In response, the U.S. Treasury Department revoked a sanctions waiver that had allowed Iranian oil sales,

Spot gold fell 1.5% intraday to $4,100.45 per ounce on July 7.

According to Jin10, on July 8, Brent crude oil surged 5% intraday to $75.67 per barrel. WTI crude oil rose 5% to trade above $72 per barrel. Spot gold declined 1.54%, approaching the $4,100 per ounce level.

Spot silver declined 3% to $60.16 per ounce intraday on July 7, while spot gold dropped $50 to $4,112.65 per ounce, down 1.24% for the day.

According to Jin10, Shanghai Gold main contract closed up 0.08% at 906 yuan per gram, Shanghai Silver main contract closed down 0.70% at 14,855 yuan per kilogram, and SC Crude Oil main contract closed up 2.82% at 452 yuan per barrel in the night session at 2:30 AM on

Bitcoin’s projected relief rally toward $40,000-$50,000 may precede another corrective phase before September-October recovery. Gold’s consolidation structure suggests a short-term rebound could occur before another move toward accumulation zones. Crude oil maintains a $64 base-case

Bitcoin’s projected relief rally toward $40,000-$50,000 may precede another corrective phase before September-October recovery. Gold’s consolidation structure suggests a short-term rebound could occur before another move toward accumulation zones. Crude oil maintains a $64 base-case

According to Jin10, on July 7, People's Bank of China Governor Pan Gongsheng attended the Hong Kong Monetary and Fixed Income Summit and delivered remarks. He witnessed the trial operation of the Hong Kong Gold Central Clearing and Settlement System and the launch of Shanghai-Hong Kong gold market c

According to Jin10, HSBC CEO Charlie Pike announced on July 7 that the bank plans to increase its Hong Kong gold storage capacity to 200 tons within the coming months to support Hong Kong's 2,000-ton storage target. Pike disclosed that HSBC holds 600 tons of gold in London and over $100 billion in t

According to Jin10, Hong Kong's gold central clearing and settlement system began trial operations on July 7. Bank of China (Asia), a board member and direct participant in the system, completed the first batch of physical gold deposit and executed 16 transactions and settlements on the system's

According to Jin10 data, China's central bank gold reserves rose to 75.44 million ounces (approximately 2,346.4 metric tons) as of end of June, up 4.8 million ounces month-on-month from May's 74.96 million ounces. The increase marks the 20th consecutive month of gold