【SMM Precious Metals Express】

Published: Jul 14, 2026 09:41

Save

Precious metals extended their downward run on Monday. The decline was mainly driven by escalating Middle East tensions, which pushed up oil prices and heightened concerns over further Federal Reserve rate hikes. Remarks from Fed Governor Christopher Waller further lifted market expectations for a rate increase in July.

Meanwhile, both the US dollar index and US Treasury yields trended higher. By settlement, the COMEX Gold 2608 contract closed at $4,008.7 per ounce, down 2.55%; the COMEX Silver 2609 contract finished at $57.98 per ounce, down 3.63%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

24 mins ago

Platinum prices consolidated intraday, with thin trading in the spot market [SMM Daily Review]

24 mins ago

30 mins ago

Zhuzhou Smelter Group Forecasts 173%-276% H1 2026 Profit Growth Due to Higher Metal Prices and Efficiency

[Zhuzhou Smelter Group Issues H1 2026 Earnings Forecast] Zhuzhou Smelter Group announced that it expects net profit attributable to the parent company of RMB 1.60–2.20 billion for the first half of 2026, an increase of RMB 1.0146–1.6146 billion year-on-year, representing growth of 173.29%–275.78%. The significant earnings improvement was primarily attributable to higher prices for minor and precious metals and sulfuric acid, together with enhanced operational efficiency and tighter cost control achieved through refined management initiatives.

30 mins ago

1 hour ago

Geopolitical Conflicts and Rate-Hike Expectations Suppress Silver Prices, Weakness Hard to Reverse [SMM Daily Review]

[SMM Daily Commentary: Geopolitical Conflicts and Rate Hike Expectations Weigh on Silver, Weakness Persists] SMM, July 14: Escalating US-Iran tensions and hawkish signals from the US Fed have reinforced rate hike expectations, sending silver prices lower under pressure. Spot market demand is sluggish, and premiums have edged further toward parity to slight discounts.

1 hour ago