Among them, spot gold fell nearly 0.4%, falling back below $4,240. At the opening of today, spot gold rose rapidly, once touching $4,274.8.

On Friday, the price of gold showed a correction trend. Among them, the price of gold fell below the US$4,300/ounce mark and once fell below US$4,200/ounce during the session; the price of silver plunged sharply, recording the largest decline in the period.

Industry organizations remind that gold has accumulated certain profitable positions after its rapid rise, and be aware of possible adjustments and increased volatility.

In addition, the Shanghai Futures Exchange issued a notice stating that the recent international situation is complex and volatile, and the precious metals market is highly volatile. All relevant units are requested to take corresponding measures to remind investors to prevent risks, invest rationally, and jointly maintain the smooth operation of the market.

On the news front, the latest news came from Russia and Ukraine. According to CCTV News, on the 19th local time, Ukrainian President Zelensky stated in an interview with the American media that he was willing to participate in the meeting between US President Trump and Russian President Putin in Budapest, Hungary. He has discussed this issue with Trump when he met with him.

Zelensky also said that Ukraine is willing to engage in peace talks but will not make concessions to Russia. In order to achieve a ceasefire and start negotiations, both parties to the conflict should stay on the current line of contact.

Trump posted on social media on the 16th that he had a long phone call with Russian President Vladimir Putin that day, mainly discussing issues such as ending the Russia-Ukraine conflict and subsequent Russian-U.S. trade, and “made great progress.” Trump also said he and Putin would hold a face-to-face meeting in Budapest, the Hungarian capital, but did not mention a date.