THE WEEK AHEAD ECONOMIC DATA RELEASE 6TH SEP 2026 JPY: THIS IS HOW IT STARTS US CPI AUG’26 PREVIEW DOES ECB’S SEP HIKE END THE RATE HIKE CYCLE THE WEEK AHEAD ECONOMIC DATA RELEASE 30TH AUG 2026 US NFP AUG’26 PREVIEW WARSH IS NOW HAWKISH BUT PROBABLY ITS STILL ALL TALK ONLY JACKSON HOLE: MAKE OR BREAK FOR WARSH

China’s precious metals meltdown is going again

ADMIN || 2nd February 2026

Gold and silver’s brief respite early Monday is over with Chinese futures markets open and fresh waves of selling breaking out. Spot gold is through its intraday lows from Friday as bullion futures in Shanghai head sharply down.

News that a counterparty fled China leaving deals unfinished, which Bloomberg reported according to people familiar with the matter, may be helping to spur the slide.

The drop in gold and silver on global markets also looks to be reviving the earlier USD squeeze.

Renewed selling across precious metals is hurting sentiment across asset classes. The euro is turning lower, along with US equity contracts and long-end bonds.

Moreover, the early losses for Kospi and Taiwanese equities are likely to undermine Hong Kong and China. It’s going to be another bumpy ride for macro traders.

Legal Disclaimer:

Trading foreign exchange/commodities/equities/bonds on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange/commodities/equities you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange/commodities/equities trading and seek advice from an independent financial advisor if you have any doubts.

Read More