Gold and silver prices continue to rise!

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新浪财经2026/05/09 05:35

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By:新浪财经

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Gold and silver prices continue to rise! image 0

　　Source: CCTV Finance

　　On Friday local time, international gold and silver prices increased. Over the week, the main gold futures contract on the New York Mercantile Exchange rose by 1.86%, while the main silver futures contract climbed 5.80%.

On the 8th, all three major U.S. stock indices rose together, with the Nasdaq up more than 4% for the week

　　Before the U.S. stock market opened on Friday local time, data released by the U.S. Bureau of Labor Statistics showed that nonfarm payrolls increased by 115,000 in April. Although this figure is still significantly below the revised figure of 185,000 in March, it is much higher than market expectations.

The nonfarm payroll data boosted market sentiment, coupled with the continued strength of AI chip and memory chip stocks

, with Micron Technology surging more than 15%, SanDisk rising over 16%, and Nvidia climbing nearly 2%.

Leading to a broad rally in tech stocks, all three major U.S. stock indices closed higher that day

, with the Dow Jones up 0.02%, the S&P 500 gaining 0.84%, and the Nasdaq rising 1.71%. Both the S&P 500 and Nasdaq reached record highs.

Driven by robust earnings reports from major tech companies, U.S. stocks continued to rise in recent trading days

, with all three major indices closing higher for the week — the Dow up 0.22%, the S&P 500 up 2.33%, and the Nasdaq soaring 4.51%.

U.S. cloud service provider CoreWeave posts revenue growth without profit growth, stock drops over 10% on the 8th

　　For individual stocks, after the U.S. market closed on Thursday local time, CoreWeave, a U.S. cloud computing services company, released its Q1 FY2026 financial report. Quarterly revenue grew 112% year-on-year, exceeding market expectations, but the adjusted Q1 net loss widened.

Due to CoreWeave’s Q2 outlook missing estimates and an upward revision of its full-year 2026 capital expenditure forecast, the company’s share price closed down 11.40% by Friday

European markets: All three major stock indices fell on the 8th

　　In Europe, President Trump stated that

if the EU does not comply with the bilateral trade agreement with the U.S. by July 4, tariffs on EU goods will be raised to “even higher” levels. Impacted by this news, all three major European indices closed lower Friday

, with the UK FTSE 100 down 0.43%, France’s CAC40 down 1.09%, and Germany’s DAX down 1.32%.

International oil prices rose on the 8th but fell more than 6% for the week

　　In commodities, the market continued to focus on the latest developments in U.S.-Iran relations. From the night of the 7th to the early morning of the 8th local time, both sides carried out attacks on each other in the Strait of Hormuz, raising renewed concerns about geopolitical risks and causing international oil prices to edge higher. By the close, June delivery NYMEX light crude futures were up 0.64%, while July Brent crude futures rose 1.23%.

Over the week, expectations for a possible peace agreement between the U.S. and Iran continued to rise, which could ease supply disruptions in crude oil and led to a decline in international oil prices

, with NYMEX light crude main contract down 6.40% and Brent crude main contract down 6.36%.

International gold and silver prices rose on the 8th; silver climbed over 5% for the week

　　As for precious metals,

U.S. April employment figures exceeded expectations, while the U.S. dollar index declined, resulting in higher international gold and silver prices

. By the close, June delivery gold futures on the NYMEX settled at $4,730.70 per ounce, up 0.42%; July silver futures settled at $80.865 per ounce, up 0.85%.

For the week, a declining U.S. dollar index combined with sustained gold purchases by central banks worldwide strongly supported gold and silver prices

. The main gold futures contract rose by 1.86% on the New York Mercantile Exchange throughout the week, while the main silver futures contract rose by 5.80%.

Editor: Zhu Henan

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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J.P. Morgan believes that an interest rate hike does not signify the end of the bullish logic for US stocks, as AI capital expenditures and corporate profits can still support the equity market. However, fiscal deficits, bond supply, and geopolitical risks will continue to drive up long-term interest rates. The real concern is the rapid approach of the 10-year US Treasury yield to 5.5%-6%, at which point high-valuation growth stocks could face significantly increased pressure.

华尔街见闻•2026/09/18 10:07