Gold SWOT: China’s GFEX is exploring night trading for platinum and palladium contracts

Kitco06-01 13:43

StrengthsThe best-performing precious metal for the week was gold, up 0.45%, while the yield on the 2-year note fell 11.2 basis points (bps) for the week amid cooling geopolitical tensions. The Silver...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640957995?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-01 13:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640957995","market":"hk","top_or_hot":-1,"title":"Gold SWOT: China’s GFEX is exploring night trading for platinum and palladium contracts","media":"Kitco","content":"<div>\n<p>StrengthsThe best-performing precious metal for the week was gold, up 0.45%, while the yield on the 2-year note fell 11.2 basis points (bps) for the week amid cooling geopolitical tensions. The Silver...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-06-01/gold-swot-chinas-gfex-exploring-night-trading-platinum-and-palladium-contracts\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold SWOT: China’s GFEX is exploring night trading for platinum and palladium contracts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold SWOT: China’s GFEX is exploring night trading for platinum and palladium contracts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-01 13:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-06-01/gold-swot-chinas-gfex-exploring-night-trading-platinum-and-palladium-contracts><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>StrengthsThe best-performing precious metal for the week was gold, up 0.45%, while the yield on the 2-year note fell 11.2 basis points (bps) for the week amid cooling geopolitical tensions. The Silver...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-06-01/gold-swot-chinas-gfex-exploring-night-trading-platinum-and-palladium-contracts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDXU","symbol_name":"MicroSectors Gold Miners 3x Leveraged ETN","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-06-01/gold-swot-chinas-gfex-exploring-night-trading-platinum-and-palladium-contracts","article_id":"2640957995","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-06-01/gold-swot-chinas-gfex-exploring-night-trading-platinum-and-palladium-contracts","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640957995","pubTimestamp":1780292580,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"StrengthsThe best-performing precious metal for the week was gold, up 0.45%, while the yield on the 2-year note fell 11.2 basis points (bps) for the week amid cooling geopolitical tensions. The Silver","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","OUNZ":"VanEck Merk黄金股票基金","GBUG":"Sprott Active Gold & Silver Miners ETF","ZSL":"Proshares二倍做空白银ETF","GLDM":"SPDR Gold MiniShares Trust","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","PSLV":"Sprott Physical Silver Trust","SILJ":"Amplify Junior Silver Miners ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","USG":"USCF Gold Strategy Plus Income Fund","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","JNUG":"金矿指数二倍做多ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","SLV":"白银ETF-iShares","PLTM":"GraniteShares Platinum Trust","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","JDST":"金矿指数二倍做空ETF","IPO":"Renaissance IPO ETF","SGDM":"Sprott Gold Miners ETF","DGP":"二倍做多黄金ETN(PowerShares)","IAU":"黄金信托ETF-iShares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","AAAU":"Goldman Sachs Physical Gold ETF","XME":"金属与采矿指数ETF-SPDR","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","UGL":"2倍做多黄金ETF-ProShares","SLVR":"Sprott Silver Miners & Physical Silver ETF","SIVR":"Abrdn Silver ETF Trust","IAUI":"NEOS Gold High Income ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","DBC":"商品指数ETF-PowerShares DB","BAR":"GraniteShares Gold Shares","GDX":"黄金矿业ETF-VanEck","AGQ":"2倍做多白银ETF-ProShares","PHYS":"Sprott Physical Gold Trust","CEF":"Sprott Physical Gold & Silver Trust","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","DZZ":"德银黄金两倍做空ETN","IAUM":"ISHARES GOLD TRUST MICRO","RING":"iShares MSCI Global Gold Miners ETF","GLL":"2倍做空黄金ETF-ProShares","PALL":"abrdn Physical Palladium Shares ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","UYM":"基础材料指数ETF-ProShares两倍做多","BTGD":"STKD Bitcoin & Gold ETF","SGOL":"Abrdn Gold ETF Trust","SIL":"Silver Miners Etf"},"translate_title":"黄金SWOT：中国GFEX正在探索铂金和钯金合约的夜盘交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USG":0.9,"IAUI":0.9,"SGOL":0.9,"DUST":0.9,"FGDL":0.9,"JDST":0.9,"RING":0.9,"1OZmain":0.9,"SIL":0.71,"PICK":0.9,"GDXY":0.9,"AAAU":0.9,"GDXU":0.9,"PSLV":0.71,"PALL":1.5,"SILJ":0.71,"UGL":0.9,"ZSL":0.71,"JNUG":0.9,"GDXJ":0.9,"DBC":0.9,"GDXD":0.9,"AGQ":0.9,"GLTR":0.9,"GOLY":0.9,"PLTM":1.5,"DULL":0.9,"DGP":0.9,"BEGS":0.9,"SLVR":0.71,"DZZ":0.9,"SIVR":0.71,"IAUM":0.9,"UYM":0.9,"OUNZ":0.9,"XME":0.9,"BAR":0.9,"SLV":0.71,"GDX":0.9,"PHYS":0.9,"IPO":1,"GLDM":0.9,"IAU":0.9,"GLL":0.9,"GOAU":0.9,"GBUG":0.9,"CEF":0.9,"SGDM":0.9,"BTGD":0.9,"SHNY":0.9},"content_text":"StrengthsThe best-performing precious metal for the week was gold, up 0.45%, while the yield on the 2-year note fell 11.2 basis points (bps) for the week amid cooling geopolitical tensions. The Silver Institute’s 2026 World Silver Survey showed that global supply rose 7% and demand fell 2% year-over-year (YoY) in 2025. The increase in supply was driven mainly by a 3% YoY rise in mine production and a 2% YoY increase in recycling. Despite higher production, structural tightness persists, marked by the fifth consecutive year of market deficit and potential upside from growing solar demand amid higher hydrocarbon fuel costs.Ghana’s central bank said it plans to increase gold purchases from large-scale domestic producers to 30% of output from 20%, starting June 1. The Bank of Ghana, which currently buys 20% of refined gold from mining firms in cedis for its reserves, has finalized plans to raise that share to 30% of doré (unrefined) gold, according to Paul Bleboo, head of gold management at the regulator.China’s Guangzhou Futures Exchange (GFEX) is exploring the launch of night trading, primarily for platinum and palladium contracts, in response to trader feedback, according to people familiar with the matter. The exchange is studying the feasibility of overnight sessions to better capture international price movements, according to Bloomberg.WeaknessesThe worst-performing precious metal for the week was platinum, down 0.58%, with silver down 0.49% and palladium off 0.26%. Uzbekistan, one of the world’s largest gold producers, resumed full-scale gold exports in April after a six-month pause. The country exported about US$1.5 billion of non-monetary gold in the first four months of the year, according to the National Statistics Committee, with most shipments occurring in April.Early in the week, gold fell as military strikes in the Persian Gulf reduced hopes for a U.S.–Iran peace deal and reinforced concerns that persistent inflation could keep interest rates higher for longer. U.S. and Iranian forces clashed near the Strait of Hormuz overnight, underscoring ongoing tensions even as both sides signaled progress toward an interim agreement, according to Bloomberg.Spot gold is approaching a potential daily close below its 200-day moving average for the first time since October 2023, with traders not expecting a quick rebound. Downward pressure is being driven in part by emerging market central banks drawing down reserves to defend currencies against a strong U.S. dollar. Indian authorities have also tightened gold import rules to support the rupee amid Middle East tensions, although reports of a potential 60-day cease-fire later in the week helped ease credit market stress and reduce pressure on gold.OpportunitiesAccording to Scotia, in Nunavut for Agnico Eagle, current focus includes: (1) permitting mine life extension (2031–2036), including testing the waterline for saline water discharge; (2) progressing the mill expansion; and (3) exploration drilling to extend mine life. At Hope Bay, near-term priorities include: (1) site readiness for construction and planning for the 2026 sealift season; (2) workforce expansion; and (3) continued exploration drilling to extend mine life.With Q1/26 earnings season complete, share buybacks continue to stand out as a key use of strong free cash flow, with senior producers repurchasing US$3.1 billion to date versus US$5.1 billion in all of 2025. Canaccord notes that intermediate producers have also accelerated buybacks, repurchasing US$921 million year-to-date, already exceeding last year’s US$821 million.Sunshine Silver Mining & Refining Co. is seeking to raise as much as US$330 million in a U.S. initial public offering (IPO) to help restart a mine in Idaho that previously produced silver, antimony, and other minerals. The company is marketing 20 million shares at US$13.50 to US$16.50 to fund development, purchase mining equipment, and cover drilling costs at the Sunshine mine, according to its filing with the U.S. Securities and Exchange Commission (SEC).ThreatsGold Fields Ltd. must present its development plans to Ghana’s Minerals Commission to renew the leases for its Tarkwa mine, according to Reuters, citing regulator Chief Executive Officer Isaac Tandoh. Any decision on renewal will follow a ministerial-level presentation.Silver’s recent resilience contrasts with a downtrend in investor positioning, leaving the metal vulnerable to a pullback. The metal has been hovering around US$75 per ounce for several weeks, reflecting cautious optimism that prior speculative momentum could return if the U.S. reaches a peace deal with Iran, according to Bloomberg.As silver prices rose sharply, solar PV manufacturers faced significant margin pressure, prompting efforts to reduce silver usage in industrial applications. Lower demand could reduce the silver deficit by as much as 90% this year, with even modest investor selling potentially flipping the market into surplus. While a gold rally could push silver above $100 per ounce in the coming months, Bank of America does not expect silver to sustainably outperform due to weakening fundamental demand.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.4","shortVersion":"4.42.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640957995","isCrawlerRequest":true}