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AU7

$--
--%
1d
1w
1m

Analysis and statistics

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About

AU7.F represents the spot price of Gold Futures traded on the Shanghai Futures Exchange (SHFE). It is quoted in Chinese Yuan (CNY) per gram and reflects the near-term expectations for gold prices in the Chinese market. Investors can use this contract for hedging gold price risk or for speculative trading strategies based on their views on the future direction of gold. The trading unit is one kilogram, and price fluctuations are closely watched as they can reflect Chinese demand and influence global gold markets.
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Factors

Gold Prices: AU7.F tracks gold, so gold's global spot price is primary.

Exchange Rates: Being priced in EUR, USD/EUR fluctuations impact it.

Market Sentiment: Risk appetite affects gold demand as a safe haven.

Interest Rates: Higher rates often decrease gold's attractiveness.

Inflation: Gold can act as an inflation hedge, boosting demand.

Geopolitical Risks: Uncertainty drives investors to gold, increasing demand.

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