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China's Precious Metals Sector Falls on July 17 Amid Overseas Market Selloff

2026-07-17 06:13:00

XAG-2.74%

XPT-4.22%

XPD-4.93%

XAU-0.72%

According to Jin10 Futures, China's precious metals sector fell sharply on July 17 as overnight overseas declines transmitted to domestic markets. The selloff reflects stronger U.S. dollar and Treasury yields following escalating U.S.-Iran tensions that boosted oil prices and inflation expectations, while weak U.S. jobless claims and resilient retail sales data reduced expectations for Federal Reserve rate cuts. Silver, platinum, and palladium posted larger declines than gold, pressured by both higher rates and weakening global manufacturing demand.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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