The most active June 2026 gold futures contract on the COMEX division of the New York Mercantile Exchange saw a decrease of 0.75% on the 15th, closing at $4,813.90 per ounce.

According to Bloomberg, hedge funds are growing increasingly pessimistic about the U.S. dollar. The resumption of U.S.-Iran negotiations and the prospect of a potential peace agreement have nearly erased the dollar's earlier gains. After rising 2.4% in March, the Bloomberg Dollar Index fell 1.9% in April.

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

Many analysts believe that since the onset of the U.S.-Israel-Iran conflict, the global economy has faced significant uncertainty, triggering a supply chain crisis. Last month's gold sell-off was entirely logical, as gold has consistently served as a key source of liquidity.

On March 31, the London Bullion Market Association (LBMA) and the World Gold Council launched a specialized platform aimed at demonstrating gold's qualifications as a high-quality liquid asset (HQLA). The platform provides data-driven evidence to market participants and regulators to support the inclusion of gold in prudent regulatory frameworks.

The annual silver survey released by the Silver Institute reported that due to a severe supply deficit, the silver market is expected to remain volatile for the rest of the year and may face liquidity challenges. The survey indicated that the silver market is projected to experience an annual supply deficit of 46.3 million ounces for the sixth consecutive year. Although supply remains relatively stable, with mine production expected to remain largely flat and recycling volumes reaching their highest levels in years, it is still insufficient to offset demand.

Meanwhile, the May silver futures contract fell 0.53% on the same day, closing at $79.11 per ounce.