Gold price plunges nearly 4%, oil price surges while gold and silver prices crash

智通财经2026/09/28 16:36

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Due to factors such as escalating geopolitical tensions in the Middle East, international oil prices rose on the 28th. During the European trading session, both US oil and Brent oil saw gains exceeding 4% at one point, before narrowing afterwards. Global inflation expectations intensified as a result, leading to a surge in government bond yields across multiple countries. Consequently, investor interest in non-interest-bearing assets such as precious metals weakened, causing international gold and silver prices to decline. As of 23:25 Beijing time on the 28th, the spot price of gold was $4,125.39 per ounce, down 3.75%; the spot price of silver was $61.063 per ounce, down 5.00%. In terms of futures, the gold futures price for December delivery on the New York Mercantile Exchange was $4,154.70 per ounce, down 3.85%; the silver futures price for December delivery was $61.415 per ounce, down 5.23%. (CCTV Finance)

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Today (October 5), news from China National Petroleum Corporation revealed that the country’s largest desert oilfield, the Had-Fuman oilfield, has produced over 26 million tons of oil and gas from beneath 6,000 meters. Recently, the Zhentan-1 well, located on the northern edge of the Taklamakan Desert, successfully extracted rock cores from a depth of 8,080 meters underground. These rock cores have been buried underground for about 500 million years. This is also the first time China has extracted rock cores from a depth of over 8,000 meters on the northwestern edge of the Tarim Basin. (CCTV News)

智通财经•2026/10/05 02:36

Schneider Electric expands its software portfolio! Plans to spend over $20 billion to acquire American engineering software developer PTC (PTC.US)

According to Golden Ten Data, Schneider Electric is reportedly nearing a deal to acquire U.S. engineering software developer PTC (PTC.US) for over 20 billions USD, according to a source familiar with the matter. The source stated that the deal could be announced as early as Monday morning, but negotiations between the two companies are ongoing and there is no guarantee that a final agreement will be reached.

智通财经•2026/10/05 02:26

US crude oil short-term trading recommendation: cautiously go short when prices are high, and cautiously go long when prices are low.

1. Analysis: Middle Eastern crude oil shipments have returned to near pre-conflict levels. Saudi Arabia’s east-west pipeline has recovered half of its capacity, and the US plans to release 40 millions barrels from its strategic reserves, significantly easing supply concerns. However, the stalemate in US-Iran negotiations remains unresolved, and geopolitical risk premiums may continue to be volatile. EIA data show an unexpected increase of 922,000 barrels in crude inventories, but distillate inventories fell sharply by 2.25 millions barrels and are about 14% below the five-year average, indicating structural divergence of “crude oil surplus and fuel shortage.” Oil prices are consolidating around the $90 pivot, and may continue to fluctuate within a range in the short term. 2. Focus: Middle East geopolitical matters, OPEC+ statements, G7 reserve releases, and inventory changes. 3. Resistance: 92.02; 93.67; 96.54. 4. Support: 88.12; 87.30; 85.12.

智通财经•2026/10/05 02:06