📉 June 8, 2026 Gold Price Trend Analysis

Latest Quote (June 8 Asian Market)

- 🌍 Spot Gold (XAU/USD): approximately $4,327–$4,345 per ounce, dropped over 3% last Friday due to unexpected non-farm payrolls shock, slight rebound this morning
- 🇨🇳 Domestic AU9999/Gold T+D: approximately 947–952 yuan/gram
- 🏪 Brand Gold Jewelry: 1315–1325 yuan/gram (including craftsmanship fees), wholesale water-bei around 1118 yuan/gram, buyback around 933–935 yuan/gram

🔴 Main reasons for decline (short-term bearish)

- US May non-farm payrolls added 172k jobs (far exceeding expectations), reinforcing the Fed’s stance to maintain high interest rates or even restart rate hikes → US Treasury yields break 4.5%, dollar index rises above 100 → Gold holding costs surge, triggering long liquidation
- Daily/weekly MACD green bars enlarge, moving averages form death crosses, indicating a bearish short-term weak oscillation and bottoming pattern

🟢 Medium to long-term support (not pessimistic)

- China’s central bank has increased gold holdings for the 19th consecutive month (May MoM +320k ounces ≈ 10 tons); global central banks’ net gold purchases and de-dollarization logic remain unchanged
- Middle East geopolitical uncertainties persist, gold’s long-term safe-haven/inflation hedge properties remain intact

📊 Key levels and weekly outlook

Direction Position
Strong support $4,300–$4,310 (domestic ≈940–945 yuan/gram), if broken then look at $4,240–$4,250
Weak resistance $4,360–$4,380, strong resistance $4,400–$4,450
Short-term range Expect wide fluctuation and bottoming around $4,300–$4,450 this week

Focus on: Mid-June Federal Reserve FOMC meeting, US CPI data; dovish signals may trigger a rebound.

💡 Trading reference (not investment advice)

- Physical consumption (weddings/wearing): current prices have significantly retreated from the year's high, suitable for timely purchase, prioritize comparing craftsmanship fees.
- Investment allocation: short-term weak, not recommended to blindly bottom-fish or leverage short positions; for medium to long-term, consider staggered light positions around $4,300 or domestic 940–950 yuan/gram, gold should constitute 5%–15% of household financial assets.
- ⚠️ Brand gold jewelry includes high craftsmanship fees and premiums, not suitable for short-term trading as an investment, buyback at original price may incur losses.