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Shanghai Gold selloff exposes splits in China’s commodity markets


Shanghai Gold selloff exposes splits in China’s commodity markets

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On June 11 gold futures on the Shanghai Futures Exchange plunged more than 4% at the start of trading, dragging silver down while China’s energy and industrial commodity futures continued to rise. This sharp metals-versus-industrials divergence raises volatility and cross-asset risk that could pressure crypto, DeFi and CEX/DEX liquidity and influence fundraising and adoption dynamics in digital-asset markets.

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The gold futures on the Shanghai Futures Exchange declined more than 4% at the start of trading on June 11, taking the price of silver down along with it, while the rest of China’s energy and industrial commodity futures continued to increase in price.  There is a rising conflict in the commodity markets between raising...
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