Precious Metals Trends
The gold market has come under pressure recently as a stronger dollar and rate-hike expectations pushed prices below $4,000. Even so, central banks worldwide continue to add gold, and its long-term value remains favored. This article examines the market from three angles: short-term drivers, central bank reserve behavior, and long-term investment logic.
Precious Metals Trends
The Shanghai-Hong Kong Stock Connect constituent list has been adjusted, with Zhipu (02513) and Biren Tech (06082) among six stocks added effective from the next Stock Connect trading day, along with short-selling data.
Precious Metals Trends
The 2024 gold market has shifted from a frenzy of chasing gains to cautious waiting. Gold prices pulled back sharply, with London spot gold falling below $4,000/oz and Shanghai gold losing the 900 yuan/gram level. This article analyzes the multiple reasons behind the decline and changes in investor sentiment.
The US says a US-Iran deal is near, but Trump has not approved it and Tehran says the final text is still incomplete. Both sides remain locked in bargaining over the nuclear program, shipping through the Strait of Hormuz, sanction relief and military threats, leaving the outlook uncertain.
Precious Metals Trends
South Korea’s KOSPI rose 2.25% on Thursday, topping 9,000 for the first time and closing at 9,063.84. Chip stocks, AI optimism and heavy foreign buying drove a sixth straight gain, led by Samsung Electronics and SK Hynix.
Precious Metals Trends
US stocks closed higher on Wednesday, with the Dow, Nasdaq and S&P 500 all hitting record highs, lifted by lower oil prices and expectations of a US-Iran ceasefire. Micron extended its rally, while the market also watched the S&P 500’s valuation upside.
Precious Metals Trends
At his first policy meeting, new Fed Chair Warsh downplayed forward guidance and the dot plot, reaffirmed the 2% inflation target, and announced five special task forces to drive reforms in communication, data and productivity.
Precious Metals Trends
The G7 reached a consensus on new sanctions on Russia over Ukraine, while Trump said “I’m the boss” and signaled a softer stance on Ukraine. A preliminary US-Iran deal also became a summit focus.
Precious Metals Trends
The Fed's latest economic projections show one more rate hike in 2026, with the median federal funds rate rising to 3.8%. But new Chair Kevin Warsh did not submit his own forecast, making the outlook for the rate path more uncertain.
Precious Metals Trends
The Fed's latest rate decision kept the benchmark rate unchanged. The dot plot shows disagreement among officials over whether to hike before the end of 2026. The core inflation forecast was raised, GDP expectations were lowered, and the policy statement also removed language about further rate changes, sending a more neutral signal.
Precious Metals Trends
At Warsh's first meeting as Fed chair, the Fed kept rates unchanged, sent a hawkish signal, and downplayed the importance of forward guidance. The dot plot shows half of officials expect a hike this year, and the market now sees a 100% chance of a hike in October. The move could affect expectations across commodities and mining markets.
Precious Metals Trends
With Warsh's debut approaching, the Fed's dot plot may lose its last rate-cut signal and forward guidance may be weakened. As inflation rebounds, jobs stay strong and FOMC splits widen, markets are starting to price in a hike before year-end.
Precious Metals Trends
Under Kevin Warsh, the Fed kept the benchmark rate unchanged at 3.5% to 3.75% and removed language hinting at a bias toward cuts. The dot plot shows rising expectations of no cuts in 2026, with inflation and growth outlooks adjusted as well.
OPEC's monthly report shows U.S. net imports of petroleum products fell by 110,000 bpd from the previous estimate to -5.76 million bpd, while the expected growth in non-OPEC supply was kept at 630,000 bpd. Import figures for India and China were also revised.
Precious Metals Trends
Historic financial inflection point! By end of 2025, gold reserve share at 27% surpasses US Treasuries' 22%, officially becoming the world's top reserve asset. In-depth analysis of central bank continuous gold purchases and de-dollarization underlying logic, combined with gold head-and-shoulders bottom technical pattern, interpreting Deutsche Bank's 10,000-level gold price expectation and post-market trading strategies.
