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As of the 2:30 closing bell, the main Shanghai gold futures contract rose 0.80% to 882 yuan/gram, the main Shanghai silver futures contract rose 3.43% to 14,578 yuan/kilogram, and the main SC crude oil futures contract fell 1.17% to 457 yuan/barrel.July 1st - European Central Bank (ECB) Governing Council member Dorenz stated that if the situation in the Middle East does not escalate further during the next policy meeting, the ECB may maintain interest rates unchanged at its next meeting. Speaking at the Sintra Forum on Tuesday, he said that pausing rate hikes would be reasonable if energy prices stabilize, commodity volatility does not spread, and a second wave of effects does not materialize. "If oil and gas prices remain low, there is no need to rush into further tightening," he said. "Based on the current data, a wait-and-see approach before September may be appropriate." With several weeks until the next policy meeting, markets remain volatile, and Dorenz warned that the situation could change at any time, and geopolitical risks have not completely subsided. "Hostility has resurfaced in recent days," he said. "While all parties hope for a lasting reconciliation, the conflict is unlikely to be resolved in the short term, and uncertainty remains high."Market news: Republican hardliners are blocking the House of Representatives efforts to advance a defense policy bill in protest against Trumps legislative proposals regarding voter identity verification.ECB Governing Council member Dorenz: Based on current data, it may be appropriate for the ECB to pause interest rate hikes in July.ECB Governing Council member Dorenz: If energy prices remain low, there is no urgency to raise interest rates.

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