The precious metals market experienced an epic slump overnight. The U.S. CPI in May exceeded 4%, and the conflict between the U.S. and Iran suddenly escalated. The gold price plummeted by more than 4% in a single day. The main Shanghai gold contract AU2608 closed at 919.32 yuan per gram in the daytime session on June 10, down 3.14%. The trading volume was 346,000 lots, and the open interest decreased by 332 lots. It closed at 898.94 yuan per gram in the night session on June 10.
The precious metals market experienced an epic slump overnight. The U.S. CPI in May exceeded 4%, and the conflict between the U.S. and Iran suddenly escalated. The gold price plummeted by more than 4% in a single day. The main Shanghai gold contract AU2608 closed at 919.32 yuan per gram in the daytime session on June 10, down 3.14%. The trading volume was 346,000 lots, and the open interest decreased by 332 lots. It closed at 898.94 yuan per gram in the night session on June 10.