Almost all gold gains since the beginning of the year have been wiped out; short-term trend remains volatile

金十2026/06/08 22:14

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```htmlGolden Ten Data reported on June 9th that since reaching a record high in late January this year, international gold prices have continued to fluctuate downward. As June began, with heightened expectations of a Federal Reserve rate hike, the gold price decline has accelerated noticeably, nearly erasing all gains since the start of the year. Notably, while gold prices keep adjusting, global central banks remain enthusiastic about buying gold, and the proportion of gold in global official reserve assets continues to rise. Experts believe that the spike in energy prices triggered by the Israel-Iran conflict has not activated gold’s traditional safe-haven function and, by instead raising inflation expectations, has suppressed gold prices. In the short term, the strengthening US dollar and rising US Treasury yields have increased the opportunity cost of holding gold, keeping prices under pressure. However, from a medium- and long-term perspective, factors such as ongoing gold purchases by global central banks, the restructuring of the international reserve system, and persistent safe-haven demand will continue to support gold prices.```

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Procore: Director Kevin J. O’Connor reported selling 15,384 common shares on Oct. 5-6. Sales prices ranged from $52.83 to $55.08 per share. Indirect holding fell to 908,286 shares, held via the Kevin J. O’Connor Revocable Trust. O’Connor also reported 21,344 shares held directly. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065378), on October 07, 2026, and is solely responsible for the information contained therein.

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