$iShares Gold Trust(IAU.US) and $iShares Silver Tr(SLV.US) both fell two to three percentage points, while $Pro Ultrshrt Silver(ZSL.US) conversely rose nearly seven points. Precious metals saw a collective pullback today; $LAOPU GOLD(06181.HK) also fell three points, but it relies more on jewelry brand premium, which is a different story from gold prices and mining companies. The safe-haven premium that gold prices pulled up earlier was given back as oil prices rose and geopolitical tensions heated up, with capital flowing back to risk assets. Is this just profit-taking or a trend reversal? I lean towards the former—geopolitical uncertainty persists, and the underlying support for gold prices hasn't broken. This move looks more like a high-level turnover.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
