At the close of the night session in the early hours of June 12, the main Shanghai gold contract closed at about 906 yuan per gram, ending the previous continuous sharp decline; the rebound of the main Shanghai silver contract was even more powerful. The night session of crude oil futures closed down sharply by 3.63%, at 564.70 yuan per barrel, and the geopolitical premium was quickly withdrawn. Behind the night session's performance was a thrilling "V-shaped reversal" in the international gold market on June 11 - the spot gold once plunged to a six - month low of 4023.85 US dollars per ounce during the session.
At the close of the night session in the early hours of June 12, the main Shanghai gold contract closed at about 906 yuan per gram, ending the previous continuous sharp decline; the rebound of the main Shanghai silver contract was even more powerful. The night session of crude oil futures closed down sharply by 3.63%, at 564.70 yuan per barrel, and the geopolitical premium was quickly withdrawn. Behind the night session's performance was a thrilling "V-shaped reversal" in the international gold market on June 11 - the spot gold once plunged to a six - month low of 4023.85 US dollars per ounce during the session.