Metals & Macro Liquidity

Bank of America strategists on May 9 forecast the S&P 500 index to gain approximately 20% annually, while gold could rise 30%, marking a fourth consecutive year of double-digit gains for both assets. Michael Hartnett's team noted such sustained rallies are historically rare, occurring only during

According to Glontech, on Friday (May 8), spot silver rose 2.35% to $80.30 per ounce, with weekly gains reaching 6.59%. COMEX silver futures climbed 0.88% to $80.89 per ounce, up 5.81% for the week. Spot gold advanced 0.63% to $4,715.23 per ounce, with weekly gains of 2.19%. COMEX copper futures ros

According to Golden Ten Data, domestic gold jewelry prices showed little change on May 9 compared to the previous day, with most brands quoted around 1,435-1,438 yuan per gram.

On Thursday, silver prices hovered around $72 per ounce, approaching three-week lows, as surging energy costs intensified inflation concerns and reinforced market expectations for potential interest rate increases from major central banks. Geopolitical tensions in the Middle East, including the

According to U.S. officials, gold prices climbed above $4,600 per ounce on Wednesday, the second consecutive trading day of gains, amid signals of de-escalation in the Middle East. U.S. Defense Secretary Hegseth confirmed that a ceasefire agreement reached approximately one month ago remains in

On Tuesday, gold prices rose to around $4,760 per ounce, rebounding from the previous trading day's decline, as the U.S. and Iran signaled willingness to restart negotiations on a longer-term ceasefire agreement before the current two-week truce expires. U.S. President Donald Trump stated that Iran

Gold prices held near $4,500 per ounce on Tuesday following a nearly 2% decline the previous trading day, pressured by escalating Middle East tensions. U.S. forces repelled an Iranian attack while escorting two American-flagged vessels through the Strait of Hormuz, while the UAE reported

According to Iranian media reports and officials, gold prices stabilized near $4,700 per ounce on Thursday amid heightened uncertainty surrounding a fragile Middle East ceasefire agreement. Iranian officials reported that tanker traffic through the Strait of Hormuz has been suspended following

On Friday, gold held above $4,600 per ounce after rising nearly 2% on the previous trading day, supported by U.S. dollar weakness following Japan's intervention in the currency market. According to World Gold Council data, central banks increased their gold reserves during the first

Gold prices remained below $4,700 per ounce on Friday, with weekly losses estimated at around 3%. Escalating US-Iran tensions in the Strait of Hormuz have driven energy prices higher, fueling inflation concerns. President Trump ordered the U.S. Navy to strike down vessels laying mines in the

According to China Gold Association data released by Jin Ten on May 9, gold ETF inflows in mainland China reached 50.438 tonnes in the first quarter of 2026, up 114.88% compared to Q1 2025. As of March 31, 2026, total gold ETF holdings stood at 298.289 tonnes.

According to China Gold Association, domestic gold production declined 7.08% year-on-year to 81.065 tonnes in the first quarter of 2026, while total gold consumption increased 4.41% to 303.292 tonnes. Imported raw material production rose 2.94% to 55.165 tonnes, bringing combined domestic and

According to a16z Crypto, tokenized real-world assets (RWA) have exceeded $300 billion in size, growing 10-fold over the past two years. U.S. Treasury bonds account for nearly half of the total, with the asset class expanding to include government debt, commodities, equities, and private credit on-c

SPDR Gold Trust, the world's largest gold ETF, increased holdings by 0.512 tons to 1,033.995 tons compared to the previous day (May 8).

iShares Silver Trust, the world's largest silver ETF, reduced its holdings by 30.96 tonnes yesterday (May 8), bringing total holdings to 15,048.3 tonnes.

According to the U.S. Commodity Futures Trading Commission (CFTC), COMEX gold speculators' net long positions increased by 4,090 contracts to reach 95,664 in the week ended May 5.

According to Jin10 Data, Shanghai gold futures closed down 0.21% at 1,037 CNY per gram on May 9 overnight, while silver futures rose 0.09% to 19,864 CNY per kilogram. SC crude oil futures gained 0.58% to close at 626 CNY per

According to PANews, Bitcoin has significantly outperformed gold since Iran tensions escalated on May 8, with the BTC/Gold ratio climbing approximately 35 to 36 percent.

Spot gold broke above $4,740 per ounce today, gaining 1.10% intraday.

Russia's foreign exchange and gold reserves declined to $75.75 billion in the week ending May 1, down from $77.17 billion in the prior week, according to central bank data.