Metals & Macro Liquidity

According to an Indian government official, India has no plans to increase import tariffs on gold and silver as of May 11.

On Monday, May 11, gold trades at $4,673.81 per ounce. The move follows Trump's renewed comments about visiting Fort Knox to verify U.S. gold reserves, during an interview with journalist Sharyl Attkisson. Trump stated he wanted to "knock on their door" to confirm the nation's gold remains in the

According to Shanghai Futures Exchange, on May 11, fund manager Luan Kun and Tongkun Jianxin No.1 Private Securities Investment Fund received a disciplinary warning for manipulative trading activities. On September 29, 2025, Luan Kun executed pre-arranged reciprocal trades and fund transfers

According to Golden Ten, Shanghai gold closed at 1,025.56 yuan per gram on May 11 (Monday), trading at a 3.76 yuan premium over international gold prices at 1,021.8 yuan per gram.

According to BlockBeats citing CoinGecko data, tokenized gold spot trading reached $90.7 billion in the first quarter of 2026 as of May 11, exceeding 2025's full-year total of $84.64 billion. PAXG and XAUT dominated the market, accounting for 34.2% to 82.5% and 14.8% to 64.6% of monthly trading

According to金十数据, on May 11, Prime Minister Narendra Modi called on Indians to avoid purchasing gold jewelry for at least one year to protect the country's foreign exchange reserves. Modi stated on Sunday: "For one year, under no circumstances should we buy gold jewelry." He also urged citizens to r

According to Jinshi Data, domestic gold jewelry prices remained largely unchanged on May 9, with most brands quoting near 1,435-1,438 yuan per gram compared to the previous day.

Palladium spot prices rose 2.00% in intraday trading on May 11, reaching $1,498.56 per ounce.

According to China Gold Association data reported by Jin Shi Data on May 9, China's domestic gold ETFs recorded inflows of 50.438 tonnes in Q1 2026, representing a 114.88% increase compared to the same period in 2025. As of March 31, 2026, total gold ETF holdings in China reached 298.289 tonnes.

According to China Gold Association, China's domestic gold production fell to 81.065 tonnes in the first quarter of 2026, down 7.08% year-on-year. Total gold production, including imported raw materials, reached 136.230 tonnes, down 3.27% compared to the same period last year. Gold consumption

Spot silver expanded gains intraday today, rising 1% to $81.15 per ounce.

According to Chinatimes Futures citing China Pacific Securities, COMEX gold fell 0.53% today (May 11) as stronger-than-expected U.S. employment data reinforced expectations for higher interest rates. U.S. nonfarm payrolls rose 115,000 in April, nearly double the market forecast of 62,000, while

U.S. President Donald Trump, in an interview with investigative journalist Sharyl Attkisson on May 10, again said he wants to go to Fort Knox to verify the state of the U.S. gold reserves, saying he wants to check whether the gold is still being stored in the vault. Fort Knox currently stores about 147 million ounces of gold, roughly 59% of the United States’ total gold holdings, and the last publicly disclosed audit took place in 1974. Trump’s May 10 Interview Remarks According to the interview

According to Shanghai Gold Exchange, gold (Au99.99) T+D fell 1.06% to 1,025.39 yuan/gram and silver T+D dropped 1.26% to 19,569 yuan/kilogram in early trading on May 11.

According to Glontech, spot gold declined nearly $20 on May 11, trading at $4,677.19 per ounce.

According to CITIC Securities research, the brokerage sees small-cap and growth stock styles as favorable in May 2026. At the macro asset allocation level, CITIC recommends increasing exposure to gold, commodities, and equities. On the sector front, lithium-ion battery and semiconductor industries a