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Precious metals · Comment Analysis 11-02 Published

Hawkish Expectations Exert Pressure! Precious Metals Weakened Collectively, Shanghai Gold Plunged by 2.92%, and Shanghai Silver Dropped by 3.95%

On Monday, November 2, 2026, the domestic precious metals sector collectively fell into a weak market. Gold and silver first dipped in last Friday's night trading session, hitting new stage lows, with their decline narrowing slightly by the close. Closing data showed that Shanghai Gold fell 2.92% to 836.76 yuan per gram; Shanghai Silver dropped 3.95% to 11,885 yuan per kilogram; the price of platinum on the Guangzhou Futures Exchange fell by more than 2%, and palladium prices decreased by nearly 1%. The prices of platinum and palladium once again refreshed their lows since listing, and the entire precious metals sector was under obvious pressure.

✍️ CCMN yangxf Editorial Team
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Precious Metals
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