SMM

The US tariff policy continued to disrupt the market, with rising safe-haven demand combined with a weakening US dollar igniting the enthusiasm of bulls to go long on precious metals. Precious metals futures continued to rise on February 14. Notably, on the afternoon of February 14, SHFE silver and COMEX silver both experienced a sharp surge. As of 16:33 on the 14th, COMEX gold rose 0.52%, quoted at $2,960.7 per ounce; COMEX silver rose 3.76%, quoted at $33.955 per ounce, with an intraday high of $34.025 per ounce, marking a new high in over three months; SHFE gold rose 0.99%, quoted at 688.4 yuan per gram; SHFE silver rose 3.33%, quoted at 8,254 yuan per kilogram, with an intraday high of 8,263 yuan per kilogram, setting a new high in over three months.