The Gold Standard: Market Review – June 5

研报英文原文证据摘录

The Gold Standard: Market Review – June 5

RBC Dominion Securities Inc.

Josh Wolfson (Head of

Global Metals & Mining

Research)

(416) 842-9893,

josh.wolfson@rbccm.com

Harrison Reynolds (Analyst)

(647) 504-7192,

June 8, 2026 harrison.reynolds@rbccm.com

David Monus (Associate)

(416) 842-9949, The Gold Standard: Market Review – June 5 david.monus@rbccm.com

John Robertson (SeniorRESEARCH In this publication, we review detailed changes within global equity, fixed income, commodity, and Associate)

currency markets. (416) 842-9998,

john.robertson@rbccm.com

• The S&P500 decreased by 2.6% and the VIX index increased to 21.5 (+6.2). 10Y yields increased Connor(416) 842-9894,Snarr (Associate)

by 9bps to 4.53%, explained by real yields increasing by 13bps to 2.16% and inflation expectations connor.snarr@rbccm.com

decreasing by 4bp to 2.37%. The 2–10y yield curve decreased by 2bps to 0.38%. The DXY dollar index RBC Europe Limited

increased by 1.1% to 100.1. Larger foreign exchange moves include a weakening of the Chilean peso Ben Davis (Analyst)

(2.6%), Argentine peso (2.2%), and South African rand (2.1%). +44 20 7002 2065, ben.davis@rbccm.comEQUITY

Marina Calero (Analyst)

• Gold decreased by 4.7% to $4,328/oz and physical gold ETFs recorded outflows of 226koz. Silver +44 20 7429 8785,

decreased by 9.9% to $67.83/oz and physical silver ETFs recorded outflows of 4moz. CFTC net long gold marina.calero@rbccm.com

positions increased by 21k to 171k and net long silver positions increased by 1.3k to 25k contracts. Royal Bank of Canada, Sydney

Branch

• Gold equities decreased by 11.9%, while gold equity ETFs recorded inflows of $18m. Silver equity ETFs Kaan Peker (Analyst) +61 2 9033 3040,

realized inflows of $15m.