Metals & Macro Liquidity

According to Jin10, on July 3, Yu Wengjian, former Party Secretary and Chairman of Shanghai Gold Exchange, was appointed as Deputy Party Secretary, Director of the People's Bank of China Shanghai headquarters, and head of the State Administration of Foreign Exchange Shanghai branch. His

Hong Kong gold stocks opened higher on July 3, with Zhaojin Mining (01818.HK) surging over 7% and Lingbao Gold (03330.HK) rising over 6%. Zijin Gold International (02259.HK) and Shandong Gold (01787.HK) followed with

According to Jin10, on July 3, spot gold broke above $4,160 per ounce with intraday gains of 0.88%, while silver rose 1.00% to $61.58 per ounce.

According to Shanghai Gold Exchange, on July 3 (Friday) during the morning trading session, gold T+D rose 1.95% to 904.45 yuan per gram, while silver T+D gained 2.63% to 14,961.0 yuan per kilogram.

Spot gold rallied to $4,150 per ounce intraday today, gaining 0.63%.

International gold prices rebounded in early July 2026, rising 0.56% on the first trading day and reaching $4,068.65 per ounce during yesterday's Asian session, appearing to find support at the $4,000 level. The recovery follows a severe June decline of 11.72%, the worst monthly performance since

According to EJFQ, gold prices rebounded to $4,068.65 per ounce in early July after falling 11.72% in June, marking the steepest monthly decline since October 2008. The precious metal has declined 27.97% from its peak and formed an "ultimate death cross" technical pattern on June 26, when the

According to Jin10 Futures, precious metals surged overnight as gold futures rose 1.30% to $4,135.50 per ounce and silver climbed 1.54% to $61.44 per ounce. Cooling expectations for U.S. Federal Reserve rate hikes, weak non-farm employment data, and increased central bank gold purchases supported

According to China Securities Journal, multiple Chinese banks including Bank of Communications, China Merchants Bank, and Industrial and Commercial Bank of China announced in June they will halt personal precious metals trading services via Shanghai Gold Exchange starting in July. The suspension

According to Shanghai Securities News, photovoltaic silver paste manufacturers and upstream suppliers have been adopting futures and options trading strategies since 2025 to manage silver price volatility, which has reached historic highs. Silver represents over 90% of production costs in solar

SPDR Gold Trust, the world's largest gold exchange-traded fund, decreased its holdings by 3.996 tons yesterday (July 1), bringing current holdings to 1,001.366 tons.

Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, told Kitco News that gold's recent correction has brought prices back to fair value rather than signaling the end of the precious metal's bull market. Shah said investors overpriced future Federal Reserve rate hikes after the

According to Nitesh Shah, Head of Commodities and Macroeconomic Research at WisdomTree, gold has corrected back to fair value this year rather than signaling the end of a secular bull market. Speaking to Kitco News following the Federal Reserve's June monetary policy meeting, Shah noted that

The U.S. economy created 57,000 jobs in June, significantly missing consensus forecasts of 114,000, according to the Bureau of Labor Statistics. The disappointing labor market data triggered a strong rally in gold prices, with spot gold trading above $4,100 an ounce and last quoted at $4,130.25,

On July 2, spot gold surged 2.30% to $4,123.21 per ounce following the release of the U.S. Non-Farm Payrolls report at 20:30 Beijing time, having traded near $4,060 for most of the session before rallying to near $4,140 post-data. COMEX gold futures rose 1.22% to $4,132.20 per ounce. Spot silver

On Thursday (July 2), gold ETF rose 2.03%, with U.S. real estate ETF and Dow ETF gaining up to 1.24%. Meanwhile, the Nasdaq-100 ETF fell 1.73%, emerging market ETF declined 1.17%, and Russell 2000 index ETF dropped 0.58%. The S&P 500 ETF edged

The World Gold Council released its mid-year outlook for 2026, identifying key factors that could drive gold prices higher or lower through the second half of the year. Gold fell from $5,500 per ounce earlier this year to below $4,000 in late June, leaving the yellow metal down approximately 7% year

According to the World Gold Council's mid-year outlook, gold is likely to trade in a range around $4,100 per ounce with ±5% fluctuation for the remainder of 2026, with potential catalysts to break out from current levels. On the upside, worsening economic conditions, geopolitical shocks, lower

According to the Shanghai Gold Exchange, gold T+D closed at 898.0 yuan per gram on the evening of July 2, rising 1.23%, while silver T+D closed at 14,810.0 yuan per kilogram, up 1.59%.

Shanghai Futures Exchange crude oil futures (September 2026 contract) closed overnight up 0.05% at 441.80 yuan per barrel. Shanghai gold futures rose 1.18% overnight, while Shanghai silver gained 1.53%.