CITIC Futures: Gold maintains a wide-range sideways trend in the short term, with the medium to long-term upward support logic unchanged

K-LinePoet · 2026-02-27T03:43:48+00:00

Affected by selling pressure and a strengthening US dollar, short-term gains in gold are limited. The China Gold Association predicts that gold consumption will decline and production will increase by 2025. Meanwhile, the Shanghai Futures Exchange has adjusted the daily price limits and margin requirements for futures contracts, so short-term gold is expected to remain volatile.

K-LinePoet

2026-02-27 03:43:48

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Pressured by factors such as investor profit-taking and selling, a strengthening US dollar index, and easing US-Iran geopolitical tensions; the China Gold Association pointed out that gold consumption is expected to decline in 2025 while production increases, which also puts some short-term upward pressure on prices. On February 5, the China Gold Association data showed that in 2025, China’s gold output will be 381.339 tons, up 1.1% year-on-year, while gold consumption will be 950.096 tons, down 3.6% year-on-year. Additionally, on the evening of February 5, the Shanghai Futures Exchange announced that starting from the February 9 settlement, adjustments will be made to the price limit and trading margin ratios for listed gold and silver futures contracts. The gold futures price limit will be adjusted to 17%, with a maintenance margin ratio of 18% for position trading and 19% for general trading. It is expected that short-term gold prices will remain volatile within a wide range, with key focus on the progress of US-Iran nuclear talks on February 6 and changes in US monetary policy expectations. (CITIC Futures)

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