SPDR GOLD TRT-R(82840.HK)

The Shanghai Futures Exchange crude oil futures contract 2503 closed up 1.22% in the night session, at RMB 446.50 per barrel. Shanghai gold closed up 1.09% in the night session, while Shanghai silver closed down 0.52%

Central Banks Expected to Increase Gold Purchases by 2026

Central banks are projected to significantly increase their gold purchases by 2026. According to PANews, Goldman Sachs anticipates that as emerging market central banks continue to diversify their reserves away from other assets, the average annual gold purchase by central banks could reach 60 tons by 2026.

PRECIOUS-Gold falls as Trump softens stance on EU tariff threats

Gold prices fell as geopolitical tensions eased following President Trump's reversal on tariff threats and proposals regarding Greenland. Spot gold dropped 0.8% to $4,799.79 per ounce, while U.S. gold futures fell 0.6% to $4,806.60. A stronger dollar and easing U.S. Treasury yields also pressured prices. Silver, platinum, and palladium also saw declines. Traders are awaiting key economic data for insights on future monetary policy, with expectations that the Fed will maintain interest rates in its upcoming meeting.

The Shanghai Futures Exchange crude oil futures contract 2503 closed up 0.91% in the night session, at 442.50 RMB per barrel. Shanghai gold closed up 1.98%, while Shanghai silver closed down 0.56%

Gold consolidates; may face technical correction

Gold consolidated in early morning Asia trade. The broader geopolitical backdrop remains supportive for gold, Kudotrade said.