Metals & Macro Liquidity

Spot gold fell 1% intraday on July 6, trading at $4,132.93 per ounce.

According to the Shanghai Gold Exchange, on July 6 evening, Gold T+D opened unchanged at 907.0 yuan per gram, while Silver T+D rose 0.19% to 15,150.0 yuan per kilogram.

According to Hong Kong Exchanges and Clearing (HKEX), on July 6, the exchange's USD gold futures daytime session recorded 6,676 contracts traded, marking a new all-time high and surpassing the previous record of 3,039 contracts from November 7, 2022. Bid-ask spreads in active contract months

On July 6, the Shanghai Gold Exchange announced margin fee payment directions for its delayed settlement contracts (T+D). For Au(T+D), longs pay shorts; for Ag(T+D), shorts pay longs.

According to BlockBeats, JPMorgan cut its Q4 2026 gold price forecast to $4,500 per ounce on July 6, down 25% from its previous target of $6,000 per ounce. The bank also projects Q3 2026 average gold prices at $4,300 per ounce. The downgrade reflects weakened demand from major gold-purchasing

On July 6, Shanghai Gold Exchange's gold T+D (Shanghai futures) closed at 907.0 yuan per gram, down 0.0 percent. Silver T+D closed at 15,082.0 yuan per kilogram, down 0.07 percent.

According to Jin10, Shanghai gold was quoted at 906.68 yuan per gram at noon on July 6, trading 0.2 yuan below the international gold price of 906.88 yuan per gram.

According to Jin10 Futures, as of 3 p.m. Beijing time on July 6, spot platinum rose 0.18% while spot palladium climbed 3.62%.

According to CoinDesk, on July 6, veteran trader Peter Brandt stated he is considering selling part of his Bitcoin holdings and buying gold, expecting the ratio of gold to Bitcoin to rise significantly. Brandt cited a chart pattern suggesting the downtrend of gold relative to Bitcoin over the past d

Gold futures traded on COMEX rose 1.00% intraday to $4,167.10 per ounce on July 6.

Spot gold fell below $4,160 per ounce intraday on July 6, declining 0.36% during the trading session.

According to Guru Club analysis, gold prices stabilized last week after U.S. June nonfarm payrolls came in at only 57,000, far below market expectations of 113,000. London spot gold rose over 2% for the week. The weaker-than-expected employment report cooled Fed rate-hike expectations, with Fed

According to Guru Club, spot silver fell over 1% to $61.75 per ounce on July 6.

According to South China Morning Post, Hong Kong's Mandatory Provident Fund Scheme Authority will revise rules on gold ETF investments later this week, potentially allowing all gold ETFs to become eligible investment options for mandatory provident funds as long as they meet specific standards.

According to Jin10, on July 6, gold jewelry prices in China rose approximately 7 yuan per gram compared to the previous Friday. Most domestic brands are currently quoting pure gold jewelry in the 1260–1269 yuan per gram

Gold futures recorded a 13.4% decline in the second quarter of 2025, marking the worst quarterly performance since the second quarter of 2013, as rate hike expectations and dollar strength weighed on the precious metal. August delivery gold futures closed at $4183.10 per ounce on July 2 (local

According to Investing.com, gold futures closed at $4,183.10 per ounce on June 2, marking the weakest second-quarter performance in 13 years amid rising interest rate expectations and a stronger dollar.

According to Jin10, Shanghai Gold quoted at 912.74 yuan per gram in early trading on Monday (July 6), 0.04 yuan lower than the international gold price of 912.78 yuan per gram.

According to Shanghai Gold Exchange, on July 6 morning, gold T+D rose 0.53% to 911.78 yuan per gram, while silver T+D climbed 1.51% to 15,321.0 yuan per kilogram.

Shanghai Futures Exchange silver main contract rose 2.00% intraday on July 6, reaching 15,366 yuan per kilogram.