Understanding the Market | Gold stocks decline again as international gold prices continue to fall, CHI SILVER GP drops over 14%
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Gold stocks fell again, with CHI SILVER GP down 14.58%, EVEREST GOLD down 11.23%, and CHINAGOLDINTL down 1.58%. International gold prices continued to decline, with spot gold falling below $3,350 per ounce, and COMEX gold futures main contract reported at $3,366.70 per ounce. Citigroup expects gold prices to peak in the third quarter and gradually decline, reaching $2,500 to $2,700 per ounce by the second half of 2026. The Federal Reserve kept interest rates unchanged, and analysts believe the medium to long-term trend for gold remains unchanged, while short-term influences are affected by geopolitical situations and policies
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