Precious metals · Industry News 06-18 Published

Morning gold market | Warsh's hawkish debut shakes the market, and the gold price plunges and retreats to 4,200.

During the daytime trading session on the 17th, the main Shanghai gold contract AU2608 closed at 942.94 yuan per gram, and fluctuated within a narrow range between 940 and 950 yuan during the day. However, after the Federal Reserve's FOMC decision was announced at 2:00 a.m. Beijing time on June 18th, the market situation suddenly changed. At the close of the night trading session at 2:30 on June 18th, the main Shanghai gold contract closed down 0.84% at 935.32 yuan per gram, the main Shanghai silver contract closed down 1.36% at 16,589 yuan per kilogram, while the main SC crude oil contract bucked the trend and closed up 0.80% at 517 yuan per barrel.

✍️ CCMN yangxf Editorial Department
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