Shanghai Gold Falls to 897.9 Yuan/Gram as U.S. Dollar Strength Pressures Commodities on June 23

According to Guangfa Futures research note, Shanghai gold futures fell to 897.9 yuan/gram, down 2.04%, on June 23, while Shanghai silver futures dropped over 6% to below 15,000 yuan/kilogram, as a stronger U.S. dollar pressured precious metals amid Federal Reserve hawkish signals released after last Thursday's decision.

Market concerns over monetary tightening and AI bubble risks have intensified following the Fed's guidance, weighing on both commodities and risk assets as liquidity pressures mount from declining tech stocks across Asia.