专家洞察

https://www.youtube.com/watch?v=7HDM3KTq35U

US Debt and Bond Market Developments US national debt has reached critical levels, impacting bond and gold markets (p. 9). US debt exceeded $40 trillion for the first time on August 18, 2026, and is close to the…

Overview of Indian Precious Metals Market Sentiment The Metals Focus India team attended the India International Jewellery Show (IIJS) and India Gold Conference (IGC) in August 2026, noting improving sentiment ahead of…

US Treasury's Liquidity Support Buyback Expansion (p. 2) The U.S. Department of the Treasury announced on August 19, 2026, that it is doubling the size of its liquidity support buyback operations for longer-dated…

Gold Price Trends and Market Drivers Gold prices experienced a 16% peak-to-trough decline in Q2 2026, falling from $4,674 in April to below $4,000 in late June and early July (p. 1). Shipping disruptions in the Strait…

Energy Security and the Hydrogen Outlook Geopolitical disruptions, particularly in the Middle East, have highlighted energy security risks beyond oil and gas, impacting industrial supply chains like ammonia, urea, and…

Global Precious Metals Market Dynamics Gold prices have risen sharply, driven primarily by financial flows and futures-market activity rather than physical shortages (p. 2, p. 3, p. 5). Gold ETF holdings reversed…

Global Gold Hedging Trends in Q1.26 Gold net de-hedging rate increased, driving the global delta-adjusted hedge book down to its lowest volume since Q4.14 (p. 1). Global forward contracts fell by 642koz q/q to 2,178koz,…

Please see this short video on the latest action in the gold and silver markets https://www.youtube.com/watch?v=EytEAu3559A&list=PLseYUvaoguNgZ1uZ8iOzlxmmoe4AxgMut&index=1

China's Gold Retail Investment Trends Q2 2026 performance: Gold retail investment fell 7% y/y and 48% q/q to 107t, though it remained robust historically as the third highest Q2 since 2010 (p. 1). Value terms: Driven by…