HUAXI Securities: Yesterday, 10 billion yuan in funds withdrew from precious metals

Liu Yu from HUAXI Securities stated that yesterday the risk appetite in the commodity market sharply declined in the afternoon, leading to a rapid increase in volatility in the precious metals sector. Billions of funds exited to avoid risks, resulting in a significant outflow from precious metals. According to Wenhua Finance, the net outflow of the commodity index reached as high as 10.2 billion yuan, with the outflow direction highly concentrated in the precious metals and new energy sectors. Specifically, Shanghai gold, lithium carbonate, and Shanghai silver saw net outflows of 5.7 billion yuan, 5.1 billion yuan, and 5 billion yuan respectively, ranking them in the top three for outflows. In contrast, there were slight divergences within industrial metals, with Shanghai copper experiencing an outflow of 1 billion yuan while Shanghai aluminum saw a slight inflow of 200 million yuan. The black series performed the best in terms of resilience, with a net inflow of over 1 billion yuan in iron ore, making it a safe haven for funds and ranking first in commodity fund inflows