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Shanghai silver most‑active contract rallied 4% intraday to 14,658 yuan/kg. Shanghai gold most‑active contract rose just over 1% to 888.38 yuan/g.

2026-06-30

Shanghai silver most‑active contract rallied 4% intraday to 14,658 yuan/kg. Shanghai gold most‑active contract rose just over 1% to 888.38 yuan/g.

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2026-06-30

Trade sources and a document show Iraq's State Organization for Marketing of Oil (SOMO) has sharply cut July official selling prices to entice long-term buyers to lift Basra crude from its Gulf terminals. Basra medium crude discounts are $14–16/bbl a

Trade sources and a document show Iraq's State Organization for Marketing of Oil (SOMO) has sharply cut July official selling prices to entice long-term buyers to lift Basra crude from its Gulf terminals. Basra medium crude discounts are $14–16/bbl and Basra heavy $16.80–18.80/bbl, with the deepest discounts for July 1–5 loadings and smaller discounts for July 6–10 and July 11–31 loadings. SOMO requires buyers to submit order volumes within one day of notification. Trade sources said the large discounts may attract buyers but whether passage through the Strait of Hormuz will be possible remains uncertain.
2026-06-30

The People's Bank of China (PBOC) conducted 69.5 billion yuan of 7-day reverse repurchase operations today, with both the bid and winning bids amounting to 69.5 billion yuan, and the interest rate was 1.40%. Simultaneously, it conducted 600 billion y

The People's Bank of China (PBOC) conducted 69.5 billion yuan of 7-day reverse repurchase operations today, with both the bid and winning bids amounting to 69.5 billion yuan, and the interest rate was 1.40%. Simultaneously, it conducted 600 billion yuan of overnight reverse repurchase operations.
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