On February 6, 2026, the Shanghai Gold Exchange's Shanghai Gold (standard weight 1 kg, gold ingot with a fineness of not less than 99.99%; pricing contract) midday benchmark price was quoted at 1,085.72 yuan per gram. Compared with the earlier session's benchmark price of 1,074.67 yuan per gram, it increased by 11.05 yuan per gram (1.03%). However, compared with the previous trading day's (February 5) midday benchmark price of 1,102.14 yuan per gram, it decreased by 16.42 yuan per gram (-1.49%).
PriceSeek's analysis of gold shows a bearish score of -1.5. The article indicates that the benchmark price of gold on the Shanghai Gold Exchange decreased by 16.42 yuan per gram (-1.49%) compared with the previous trading day, suggesting increased supply pressure or weak demand in the spot market, which exerts a bearish impact on spot prices. Combined with gold futures data (e.g., the closing price of the main contract 2606 was 1,092.72 yuan per gram, down 28.62 yuan; the closing price of contract 2608 was 1,095.82 yuan per gram, down 30.50 yuan), multiple contracts generally experienced price declines. Although changes in open interest varied, overall trading activity remained high, reflecting market pessimism about the future price of gold and reinforcing downward pressure on futures prices. The score is -1.5 (between generally bearish and significantly bearish), as the decline is notable but not extreme, possibly driven by macroeconomic factors or weakened safe-haven sentiment.
Comments
0