According to WEEX TradFi data on June 23, the precious metals and commodities market weakened overall, with risk appetite temporarily cooling. XAU (international spot gold) fell 0.81% in 24 hours, GOLD (PAXG, PAX Gold token) dropped 0.83%, and CRUDEOIL (crude oil) saw a larger decline of 2.08%. Funds are flowing out of safe-haven assets as markets watch for upcoming macroeconomic data and policy signals.
WEEX Labs noted that the recent crude oil decline is mainly attributed to easing tensions in the Middle East and improved supply expectations, while gold prices are influenced by the US dollar trend, real interest rate changes, and ETF demand fluctuations. This round of commodity adjustment primarily reflects a repricing of macro factors, and in the short term, attention should be focused on the interest rate path and ongoing geopolitical impact on commodity markets.