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Spot platinum has just broken through the $1,680.00/oz mark, now quoted at $1,679.59/oz, down 0.95% on the day; Nymex platinum futures main contract last quoted at $1,682.0/oz, down 1.48% on the day;

Glonghui, June 19｜On June 18 local time, US President Trump announced on social media that Intel will cooperate with Apple to design chips domestically in the United States. Currently, the two companies have not yet made an official comment on this matter. Ives, Managing Director and Senior Analyst at US investment bank Wedbush Securities, stated that this deal represents a “huge opportunity” for Intel and is also “timely” for Apple. “As Apple moves into a three- to four-year device upgrade cycle driven by AI, manufacturing (chips) for Apple in the US presents a tremendous opportunity for Intel,” he wrote. “With AI chip developers continually increasing demand for advanced chips, Apple is seeking to diversify its supply chain and reduce its dependence on its main overseas supplier, TSMC.”

(1) The German 5-year and 30-year government bond yield curve has flattened over the past few trading days, hitting a low of 76 basis points yesterday before making a slight rebound. The previous low is located at the double bottom of 73 basis points at the end of April, with resistance levels to watch at the breakdown of 82 basis points and the high of 87 basis points. (2) The 5-year yield has rebounded from the recent low of 2.63%, with resistance above at 2.75% and at the trendline of 2.78%. The 30-year yield reversed today after six consecutive trading days of decline, with a low of 3.455% and further downside looking to 3.41% on April 1, resistance at 3.55%, and trend resistance at 3.59%.