What happened
Shanghai International Energy Exchange crude oil futures ended the night trading session with a 1.78% decline, settling at 678.60 yuan per barrel.
In the same night session, Shanghai gold futures gained 2.03% and Shanghai silver futures rose 2.88%, according to the report.
Why it matters
The divergence between energy and precious metals suggests shifting investor sentiment, with risk-off flows possibly favoring gold and silver over crude oil.
The drop in crude prices, coupled with sharp gains in precious metals, may reflect broader concerns about demand or geopolitical developments, though no specific drivers were cited in the source.
Key facts
INE crude oil night session closed down 1.78% at 678.60 yuan per barrel.
Shanghai gold night session rose 2.03%.
Shanghai silver night session rose 2.88%.
What to watch next
Whether crude oil futures continue their downward move in upcoming trading sessions or find support near recent levels.
If precious metals sustain their upward momentum, it could signal a sustained shift toward haven assets in the Chinese commodity market.