As of August 13, 2026, the spot market price of gold was 954.24 yuan/gram, an increase of 7.67% yuan/gram compared to the spot market price of 886.23 yuan/gram at the beginning of this month (August 1).
| Gamma-PGA (gamma polyglutamic acid) |
On August 13th, the price of gold continued to decline, and in terms of spot trading:
On August 13, 2026, the benchmark price of Shanghai Gold (gold ingots with a standard weight of 1 kilogram and a purity of not less than 99.99%; pricing contract) on the Shanghai Gold Exchange was 950.18 yuan/gram in the afternoon session, down 6.26 yuan/gram (-0.65%) from the earlier benchmark price of 956.44 yuan/gram; Compared to the benchmark price of 955.85 yuan/gram in the afternoon session of the previous trading day, it has decreased by 5.67 yuan/gram (-0.59%).
In terms of futures:
On August 13, 2026, the opening price of the Shanghai Gold Main Contract was 964.38 yuan/gram, and the closing price was 952.96 yuan/gram, a decrease of 0.26% from yesterday’s settlement price of 955.44 yuan/gram; Compared to the closing price of 888.30 yuan/gram on July 31st, it has increased by 7.28%.
Reasons for the recent rebound of precious metal gold
Since mid July, the prices of precious metals have continued to rebound, driven by the weakening of US economic data, which has led the market to lower expectations of further interest rate hikes by the Federal Reserve. The actual yield of US bonds and the US dollar index have fallen temporarily, reducing the opportunity cost of holding precious metals; Combined with the previous price oversold, which triggered short covering and long capital backflow, global central banks continued to purchase gold, forming bottom support. The easing of the Middle East situation weakened energy inflation concerns, further improving market sentiment. Silver benefited from the dual logic of financial attributes and industrial demand, showing more flexibility.
Future forecast of precious metal gold prices
This round of precious metal gold recovery belongs to oversold repair rebound. Short term high volatility may digest profit taking, but global central bank gold purchases provide bottom support, limiting significant downward space. Short term gold prices tend to fluctuate strongly and are prone to rise but difficult to fall. The Jackson Hole annual meeting at the end of August is a turning point in direction; The medium-term volatile upward trend still exists, but the volatility is extremely high.
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