Precious metals · Industry News 06-17 Published

Early morning gold market | Shanghai gold closed flat at a high level in the night session ahead of the FOMC. Bulls and bears of gold are locked in a fierce battle around the 4380 level.

On June 16, the day session of the main Shanghai gold contract AU2608 closed at 941.72 yuan per gram, with a settlement price of 945.28 yuan per gram, up 1.65% from the previous trading day. During the session, it hit a high of 951.54 yuan per gram and a low of 938.62 yuan per gram, with an open interest of 171,500 lots. In the overnight session early on June 17, as of the close at 2:30, the main Shanghai gold contract was reported at 945 yuan per gram, down 0.06% slightly. The bulls and bears were in a narrow tug - of - war in the range of 940—950 yuan, and the market entered a "holding - breath state" on the eve of the FOMC.

✍️ CCMN yangxf Editorial Department
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