Guoxin Futures: Gold and silver fluctuate and weaken in the afternoon session

K-LinePoet · 2026-03-30T02:45:25+00:00

On Thursday, the gold and silver markets experienced fluctuations, with Shanghai Gold falling slightly by 0.28% and Shanghai Silver dropping by 0.85%. Geopolitical tensions and volatility in the U.S. debt market affected risk aversion sentiment, leading to a consolidation in gold and silver prices. Despite rising expectations of interest rate hikes, the Federal Reserve has limited room for additional increases. In the short term, the precious metals market is expected to continue its high-volatility oscillation pattern. It is recommended to hold a light position in gold and trade silver cautiously.

K-LinePoet

2026-03-30 02:45:25

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On Thursday, the gold and silver markets saw choppy trading. In the afternoon, the trend weakened noticeably, and gold and silver shifted from rising to falling. The Shanghai Gold main contract fell slightly by 0.28%, closing at 995.98 yuan per gram; the Shanghai Silver main contract dropped by 0.85%, to 17,472 yuan per kilogram. After yesterday’s rebound, it entered a period of mild consolidation.

On the news front, on the geopolitical front, the positions of both the Iran and U.S. sides remain severely opposed, with limited substantive progress. This “talking-heads-style” standoff has caused risk-aversion sentiment to swing back and forth, though sensitivity to the news has somewhat declined. After the earlier rebound, gold and silver prices moved into a choppy consolidation phase. On the macro front, the U.S. Treasury market has recently shown volatility. The yield on the two-year U.S. Treasury briefly broke through the Federal Reserve’s rate ceiling, and yields across all maturities rose in tandem, leading traders to warm to rate-hike expectations. However, objectively speaking, the current size of U.S. debt has already exceeded $39 trillion, and the economy shows signs of weakness, meaning the Fed’s realistic room to raise rates further is limited. The surge in U.S. Treasury yields more largely reflects panic over inflation rather than rational pricing of the policy path. Taken together, in the near term, macro expectations have exerted downward pressure on precious metals, but there is potential for correction of overly pessimistic rate-hike pricing.

In the precious metals market, with ongoing tug-of-war between geopolitical long and short factors, it is unlikely to form a stable, one-way trend in the short term. Most likely, it will continue with a high-volatility, sideways choppy pattern. In terms of strategy, keep existing gold long positions with a very light bottom-position holding; silver’s volatility is even more pronounced, so it’s recommended to watch more and act less. (GF Futures)

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