Everbright Futures: US CPI to be released tonight, precious metals plummet across the board

K-LinePoet · 2026-03-07T03:20:18+00:00

Overnight precious metals plummeted, with spot gold falling over 4%. U.S. stocks also declined, triggering market liquidity concerns. Recently, precious metals have experienced high volatility with an unclear trend, so it is recommended to hold light positions during the holiday. Pay attention to tonight's U.S. January CPI and subsequent macroeconomic data.

K-LinePoet

2026-03-07 03:20:18

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Overnight, precious metals markets experienced another sharp decline, with London spot gold falling over 4% at one point, COMEX gold futures down 3.08%, and SHFE gold dropping 2.42%. Additionally, last night’s sharp decline in U.S. stocks has reignited concerns about market liquidity. Looking at recent trends in precious metals, volatility remains high, but the overall direction is still unclear. It is recommended to hold light positions during the holiday period.

On the macroeconomic front, the U.S. January CPI data will be released tonight, with expectations of a year-on-year increase of 2.5% and a month-on-month rise of 0.3%. Investors should watch for any surprises in inflation data, as the debate over the path of interest rate cuts may continue.

During the Chinese New Year holiday, key releases include the Federal Reserve’s January monetary policy meeting minutes (February 19) and the U.S. December PCE Price Index (February 20). Meanwhile, Iran and the U.S. plan to enter the second round of talks, with attention to related developments and regional dynamics. (Everbright Futures)

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