Fed Appoints Hawkish Advisors, Intensifying Rate Hike Expectations and Pressuring Precious Metals

[SMM Precious Metal Express] Iranian media reported that Iran-US information exchange has been suspended for days, but Trump called it "fake news", stating that dialogue continues daily. Rubio suggested an Iran deal could be reached "today, tomorrow, or next week." Divergent statements highlight ongoing geopolitical uncertainty, increasing volatility risks for precious metals.

[SMM Precious Metal Express] Shanghai issued guidelines to deepen the development of its global asset management center, targeting RMB 55 trillion in AUM by 2030, accounting for one-third of the national total. The guidelines also aim to steadily expand institutional opening of the gold market, enhancing Shanghai's influence and pricing power in the international precious metals market.