Last Friday (the 12th), gold staged a stunning reversal. The price of London gold once approached a six - month low of $4,024 during the session. Subsequently, triggered by the signal of peace talks between the US and Iran, it soared violently by nearly $200 and closed at around $4,218 per ounce. The August contract of COMEX gold closed at $4,239.9 per ounce. The main contract of Shanghai gold, AU2608, closed at 911.62 yuan per gram during the day session (up 1.31%), and continued to rise during the night session, closing at 921.66 yuan per gram.
Last Friday (the 12th), gold staged a stunning reversal. The price of London gold once approached a six - month low of $4,024 during the session. Subsequently, triggered by the signal of peace talks between the US and Iran, it soared violently by nearly $200 and closed at around $4,218 per ounce. The August contract of COMEX gold closed at $4,239.9 per ounce. The main contract of Shanghai gold, AU2608, closed at 911.62 yuan per gram during the day session (up 1.31%), and continued to rise during the night session, closing at 921.66 yuan per gram.