New York gold prices edged down slightly on the 15th

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Source: Xinhua Finance

Xinhua Finance, New York, April 15 (Reporter Xu Jing) — The most actively traded gold futures contract for June 2026 on the New York Mercantile Exchange fell by 0.75% on the 15th, settling at $4,813.90 per ounce.

According to Bloomberg, hedge funds have become increasingly pessimistic about the US dollar. The prospect of renewed negotiations between the US and Iran, and the potential for a peace agreement, has almost wiped out previous gains in the dollar. After rising 2.4% in March, the Bloomberg Dollar Index fell 1.9% in April.

Harvard University professor Kenneth Rogoff stated that the dollar's high level signals the risk of a long-term correction. The dollar may be overvalued by at least 20%.

Many analysts believe that since the conflict between the US and Iran, the global economy has faced enormous uncertainty, triggering a supply chain crisis. Last month's gold sell-off was entirely logical, as gold has always been an important source of liquidity.

On March 31, the London Bullion Market Association (LBMA) and World Gold Council launched a dedicated platform to demonstrate gold's credentials as a high-quality liquid asset (HQLA), providing market participants and regulators with data-driven evidence to support its inclusion in prudential regulatory frameworks.

The association's annual silver survey report indicates that due to a severe supply gap, the silver market will continue to experience volatility for the remainder of the year and could face liquidity issues. The survey shows the silver market is expected to see an annual supply deficit of 46.3 million ounces for the sixth consecutive year. While supply remains relatively stable and mine production is expected to be flat, and recycling volume is set to reach its highest level in years, it is still insufficient to offset demand.

On the same day, the May silver futures contract fell by 0.53%, settling at $79.11 per ounce.

Editor: Zhu Hanan