Cointime

Download App
iOS & Android

US tariff uncertainty boosts safe-haven demand, precious metals strengthen.

due to the U.S. Supreme Court rejecting several of Trump's tariff measures, creating uncertainty in policy prospects, investors have flocked to safe-haven metals, driving up gold prices. Market analyst Kyle Rodda stated: "The return of the Chinese market, coupled with increased uncertainty in U.S. policy, is maintaining the appeal of gold and silver to some extent." Meanwhile, two Federal Reserve officials hinted that there is no intention to change the central bank's interest rate policy setting in the short term. The market currently expects three 25-basis-point rate cuts this year. "Gold prices still have ample room to rise, especially if all factors driving gold prices (such as U.S. fiscal and trade policies, foreign policies, etc.) continue to exist." On the geopolitical front, the Omani Foreign Minister previously stated that the U.S. and Iran will hold the third round of nuclear talks in Geneva on Thursday. As of press time, spot gold has risen more than 1%, spot silver and spot platinum have both risen more than 4%, and spot palladium has risen over 2%. (Jin10)

Comments

All Comments

Recommended for you

  • WTI Crude Oil Declines 1.00% Intraday

    WTI crude oil has decreased by 1.00% intraday, currently priced at $93.54 per barrel. Brent crude oil fell by 0.86%, priced at $93.55 per barrel.
  • ZEC Whale Suffers $70 Million Daily Loss

    On June 5, according to monitoring by Arkham, a certain ZEC whale experienced a daily unrealized loss of $70 million. This ZEC holder previously had a position valued at $174 million, but the current value of the holdings has halved compared to yesterday, resulting in a $70 million loss within 24 hours. This holder has not sold any ZEC for six consecutive months.
  • Ministry of Foreign Affairs: Artificial Intelligence is Not the Patent of Major Powers and Should Not Slide into Competition and Confrontation

    On June 5, during a regular press conference, Foreign Ministry spokesperson Mao Ning stated that artificial intelligence is profoundly changing production and lifestyle and is a new issue that humanity needs to face together. Artificial intelligence is not the patent of major powers and should not slide into competition and confrontation. In July this year, China will host the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence in Shanghai, hoping to use this conference as an opportunity to engage in in-depth dialogue with all parties, strengthen global governance of artificial intelligence, and promote the service of artificial intelligence for the well-being of all humanity. (Xinhua News Agency)
  • Hong Kong Monetary Authority Establishes Tokenized Bond Expert Group

    On June 5, the Hong Kong Monetary Authority (HKMA) announced the establishment of a Tokenized Bond Expert Group. This group brings together industry representatives with relevant experience and a focus on the development of the tokenized bond market in Hong Kong, aiming to further promote the application and expansion potential of tokenized bonds in the region. Members of the expert group include representatives from industry associations, financial institutions, legal advisory firms, as well as financial infrastructure and technology providers. Building on the progress made by the HKMA in various tokenized bond-related initiatives to date, the expert group will collaboratively explore policy measures, market practices, and innovative solutions.
  • ZEC Falls Below $260, 24-Hour Decline Reaches 53.76%

    Market data shows that ZEC has fallen below $260, currently priced at $270.13, with a 24-hour decline of 53.76%. The market is highly volatile, so please ensure proper risk management.
  • Whale Loracle Faces $6.65 Million Overall Loss, ZEC Long Position Loss Exceeds $3.2 Million

    According to monitoring by Onchain Lens, as ZEC and HYPE continue to decline, whale Loracle's 10x leveraged long position in ZEC has incurred a loss of over $3.2 million, while its 2x leveraged long position in HYPE has lost $1.567 million. Additionally, it holds long positions in NEAR, TON, ASTER, and XMR, resulting in a total loss of $6.65 million.
  • FTSE China A50 Index Futures Drop Over 2%

    On June 5, FTSE China A50 Index futures further declined, dropping over 2%.
  • Wentai Technology Sues Nexperia Netherlands

    On June 5, Wentai Technology officially initiated legal proceedings in China against Nexperia Netherlands for improper interference, and the case has been accepted by the judicial authorities. According to Nexperia China, Wentai Technology has filed a lawsuit against Nexperia Netherlands with the Intermediate People's Court of Dongguan City, Guangdong Province, and the court has accepted the case.
  • BTC Falls Below $62,000

    Market data shows that BTC has fallen below $62,000, currently priced at $61,975.8, with a 24-hour decline of 3.68%. The market is experiencing significant volatility, so please ensure proper risk management.
  • ETH Falls Below $1700

    Market data shows that ETH has fallen below $1700, currently reported at $1698.26, with a 24-hour decline of 5.23%. The market is experiencing significant volatility, so please ensure proper risk management.