At the opening on November 17, 2025, China's major futures contracts showed mixed performance. Silver futures (SHFE) fell over 3%, while gold futures (SHFE) and methanol dropped more than 2%. Aluminum oxide, tin futures (SHFE), and glass declined over 1%. On the upside, the Containerized Freight Index (Europe route) surged over 6%, with coking coal and Eventbrite Inc. (EB) rising more than 1%, and Lufax (LU) gaining nearly 1%.

A 2026 outlook report suggests that the current gold bull market may not yet be over from a historical perspective. The rally's magnitude and duration remain below the two major cycles seen in the 1970s and 2000s. Given persistent macroeconomic uncertainty, long-term global reserve adjustments, and potential dollar weakness, analysts believe gold's upward trend could continue. Unless the Fed fully exits its easing cycle or the U.S. economy re-enters a strong recovery phase of "declining inflation and rising growth," gold's medium-term bullish case remains intact. If the trend persists, prices may even breach $5,000/oz next year. However, gold is currently among the more expensive asset classes, potentially increasing volatility. Investors are advised to maintain an overweight position but avoid chasing rallies, instead adopting a strategy of accumulating on dips and focusing on gold's long-term allocation value.