Low impact

Shanghai Gold Exchange gold T+D fell 1.66% to 867.0 yuan/gram and silver T+D fell 3.47% to 13,200.0 yuan/kg in early Friday trading on October 23.

Jin1010/23, 08:00 AM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

Silver
Pushes down
IntradayMedium confidence
SGE silver T+D fell 3.47% in early trading, reflecting direct selling pressure in the Shanghai silver market
Gold
Pushes down
IntradayMedium confidence
Parallel 1.66% drop in SGE gold T+D suggests shared reduction in precious-metals demand

What could change this

A dovish surprise at the Fed decision on 2026-10-28 could revive haven and inflation-hedge demand and reverse the pullback.