上海黃金交易所黃金T+D 6月22日（週一）晚盤盤初下跌2.61%報914.5元/克； 上海黃金交易所白銀T+D 6月22日（週一）晚盤盤初上漲0.53%報15989.0元/千克。

Baosheng Group said upcoming U.S. economic data may trigger volatility in U.S. Treasuries.

Galaxy Securities says 1H26 Middle East conflict pushed oil and inflation expectations higher, flipping market expectations from Fed cuts to a possible in‑year hike and, together with liquidity realization, caused gold to spike then come under pressure. Markets have largely priced a single Fed hike in H2 into gold. If H2 sees easing of the Middle East conflict and any Hormuz blockade, oil and inflation would likely fall and market expectations for marginal Fed easing could re-emerge, supporting a renewed gold rally. Separately, escalating strains in global order and US debt/credit risks are accelerating de‑dollarization and a re‑anchoring of the global credit/currency system, prompting central banks, institutions and households to increase gold allocations; Galaxy says this supports a medium‑to‑long‑term uptrend in bullion and higher valuations for China’s A‑share gold sector.