Xinhua Finance, New York, April 15 (Correspondent Xu Jing) — On April 15, the most actively traded gold futures with delivery in June 2026 on the New York Mercantile Exchange fell by 0.75% and closed at $4,813.90 per ounce.

　　According to Bloomberg, pessimistic sentiment among hedge funds regarding the dollar is gradually increasing. Restarting negotiations between the US and Iran, as well as the prospect of reaching a peace agreement, have almost offset the previous dollar rally. After a 2.4% increase in March, the Bloomberg Dollar Index decreased by 1.9% in April.

　　Harvard University professor Kenneth Rogoff noted that high dollar positions indicate a risk of long-term correction. The dollar may be overvalued by at least 20%.

　　Many analysts believe that since the conflict between the US, Israel, and Iran, the global economy has faced high uncertainty, leading to supply chain crises. Selling gold last month was quite logical, as gold has always remained an important liquidity source.

　　On March 31, the London Bullion Market Association (LBMA) and the World Gold Council launched a specialized platform aimed at demonstrating gold’s status as a high-quality liquid asset (HQLA), providing market participants and regulators with data-driven confirmations to support its inclusion in prudential regulation systems.

　　According to the association’s published annual silver research report, due to a significant supply deficit in the silver market, volatility and liquidity issues are expected to persist for the rest of the year. The study shows an expected annual silver deficit of 46.3 million ounces for the sixth consecutive year. Although supply remains relatively stable, mining will stay roughly at current levels, and processing volume will reach a multi-year maximum, which still isn’t enough to meet demand.

　　On April 15, the price of May silver futures decreased by 0.53% to $79.11 per ounce.

Responsible editor: Zhu Hennian