Market Overview - The US dollar index is trading around 98.540, while spot gold opened at $4762.51 per ounce and is currently trading at approximately $4798.17 per ounce [1] - The previous trading day saw the US dollar index rise by 0.50% to 98.548, and spot gold increased by 1.99% to $4762.65 per ounce [1] Precious Metals Performance - Other precious metals also experienced gains: spot silver rose by 0.14% to $94.57 per ounce, platinum increased by 4.60% to $2481.00 per ounce, and palladium surged by 7.39% to $1837.50 per ounce [1] - As of January 20, COMEX gold inventory remained unchanged at 1123.95 tons, while COMEX silver inventory decreased by 83.37 tons to 13264.90 tons [1] ETF Holdings - As of January 20, SPDR Gold ETF holdings decreased by 4.01 tons to 1081.66 tons, while SLV Silver ETF holdings increased by 149.42 tons to 16222.48 tons [2]

Group 1 - The core business of Kunming Luk Fook Group includes the procurement, retail, and wholesale of various gold jewelry, decorative gold items, gemstone jewelry, and other accessories [3] - Luk Fook Jewelry operates over 300 retail stores across regions including Hong Kong, the United States, Canada, Macau, and mainland China [3] - The company aims to continue exploring new business opportunities in international markets to align with its core brand philosophy of "International Interpretation" [3] Group 2 - Kunming Luk Fook Group is committed to providing customers with value-for-money products and sincere service [3] - The company is expanding into new areas across various business sectors to strengthen its leadership position in the jewelry industry in Hong Kong, mainland China, and overseas [3]

Group 1 - The core business of the company includes the procurement, retail, and wholesale of various gold jewelry, decorative items, gemstone jewelry, and other accessories [3] - The company operates over 300 retail jewelry stores across regions including Hong Kong, the United States, Canada, Macau, and mainland China [3] - The company aims to continue exploring new business opportunities in international markets to align with its core brand philosophy of "International Interpretation" [3] Group 2 - The company is committed to providing customers with value-for-money products and sincere service while expanding into new areas across its business sectors [3] - The company seeks to strengthen its leadership position in the jewelry industry in Hong Kong, mainland China, and overseas [3]

Group 1 - The core business of Harbin Luk Fook Group includes the procurement, retail, and wholesale of various gold jewelry, decorative items, gemstone jewelry, and other accessories [3] - Luk Fook Jewelry operates over 300 retail stores across regions including Hong Kong, the United States, Canada, Macau, and mainland China [3] - The company aims to continue exploring new business opportunities in international markets to align with its core brand philosophy of "International Interpretation" [3] Group 2 - Harbin Luk Fook Group is committed to providing customers with value-for-money products and sincere service [3] - The company is expanding into new areas across various business sectors to strengthen its leadership position in the jewelry industry in Hong Kong, mainland China, and overseas [3]

Group 1 - The price of physical gold from Mingpai Jewelry remains unchanged at 1455 CNY per gram as of January 20, 2026 [1] - Platinum price increased by 1 CNY to 941 CNY per gram on the same date [1] - The previous day's prices were 1455 CNY for gold and 940 CNY for platinum [1] Group 2 - French Prime Minister Le Maire announced the use of special powers under Article 49.3 to pass the 2026 budget without parliamentary vote, breaking a prior commitment [1]

Group 1 - The core viewpoint indicates that the euro against the dollar is experiencing limited volatility and a neutral to bearish trend, with short-term momentum significantly weakened [1] - The euro had previously rebounded strongly after a significant pullback, breaking through a key psychological level, but showed signs of weakness as it briefly dipped below a core long-term moving average [1] - The recent decline of the dollar has been a crucial factor in the euro's rebound, driven by market assessments of geopolitical tensions and a risk-off sentiment towards the dollar [1] Group 2 - The Federal Reserve's cautious stance provides potential support for the dollar, with Chairman Powell signaling no urgent need for continued easing despite a rate cut in December [2] - The European Central Bank (ECB) has maintained its interest rates and shifted its policy stance towards maintaining the current position, ruling out the possibility of a rate cut in the near term [2] - Recent positive economic data from the Eurozone has stabilized market sentiment, with growth slightly exceeding expectations and domestic demand effectively countering manufacturing weaknesses [2][3] Group 3 - Inflation is expected to decline below target in the next two years due to easing energy price pressures, but service sector inflation may remain sticky due to lagging wage growth [3] - The ECB's policy will be based on data-driven assessments, with the current market pricing reflecting only a slight possibility of rate cuts this year [3] - The technical outlook for the euro against the dollar indicates that the core long-term moving average remains a critical support level, with potential for deeper corrections if breached [3]

Group 1 - The approval from Hebei Financial Regulatory Bureau states the immediate cessation of operations for the Chengxi Marketing Service Department of China People's Property Insurance Company, Gaoyi Branch [1] - The company is required to return its license to the Hebei Financial Regulatory Bureau within 15 working days and complete relevant procedures according to applicable laws and regulations [1]

Group 1 - The approval has been granted to revoke the marketing service department of CITIC Prudential Life Insurance Co., Ltd. in Suzhou, specifically the Mudu marketing service department [1] - Following the approval, CITIC Prudential Life Insurance Co., Ltd. must immediately cease all business activities and return the license to the Suzhou Financial Regulatory Bureau within 15 working days, complying with relevant laws and regulations [1]

Price Trends - Domestic gold prices showed a noticeable slowdown today, with most brands maintaining stable prices. Lao Miao gold experienced a slight decrease of 4 yuan per gram, priced at 1455 yuan per gram, while Chow Sang Sang saw a rare increase of 3 yuan per gram [1] - The market's high-low price difference narrowed slightly to 46 yuan per gram compared to the previous day [1] Brand Pricing - Detailed pricing for major gold brands today includes: - Lao Miao Gold: 1455 yuan/gram (down 4) - Liufu Gold: 1453 yuan/gram (no change) - Chow Tai Fook Gold: 1455 yuan/gram (no change) - Zhou Liufu Gold: 1440 yuan/gram (no change) - Jin Zun Gold: 1453 yuan/gram (no change) - Lao Feng Xiang Gold: 1456 yuan/gram (no change) - Chao Hong Ji Gold: 1455 yuan/gram (no change) - Zhou Sheng Sheng Gold: 1454 yuan/gram (up 3) - Cai Bai Gold: 1410 yuan/gram (no change) - Shanghai China Gold: 1412 yuan/gram (no change) [2][3] Platinum Prices - Platinum jewelry prices saw a slight increase, with Chow Tai Fook's platinum jewelry rising by 1 yuan per gram to 941 yuan per gram [4] Gold Recovery Prices - Gold recovery prices showed some fluctuations, with notable differences among brands: - Gold recovery price: 1036.60 yuan/gram - Cai Bai Gold: 1072.80 yuan/gram - Zhou Sheng Sheng Gold: 1061.40 yuan/gram - Chow Tai Fook Gold: 1011.00 yuan/gram - Lao Feng Xiang Gold: 1032.63 yuan/gram [4] International Gold Market - The international gold market reacted to potential tariff wars between the US and Europe, with spot gold reaching a record high of 4689.39 USD/ounce before closing at 4669.70 USD/ounce, marking a 1.59% increase. Today, spot gold surpassed the previous high, currently priced at 4712.93 USD/ounce, with a 0.93% increase [6] - Analysts suggest that the long-term outlook for gold remains bullish, with a significant possibility of prices exceeding 5000 USD/ounce within the next six to nine months, estimated at a probability of 30% to 40% [6]

Core Viewpoint - International gold prices surged, with spot gold breaking the $4700 per ounce mark for the first time, reaching a high of $4717.02, driven by heightened market risk aversion due to aggressive U.S. foreign policy and trade tensions with Europe [1] Group 1: Market Dynamics - The rise in gold prices is primarily influenced by President Trump's aggressive foreign policy and tariff threats, which have intensified trade tensions between the U.S. and Europe, leading to increased market risk aversion [1] - Silver prices also reached a historical high during this period, indicating a broader trend in precious metals [1] Group 2: Economic Indicators - Despite expectations that the Federal Reserve will maintain interest rates in the short term, weak economic data suggests a potential resumption of rate cuts by mid-2026 [1] - The pressure from Trump on the Federal Reserve regarding interest rate cuts and the challenges to its independence have further supported gold prices [1] Group 3: Current Market Status - As of January 20, 2026, spot gold was reported at $4725.88 per ounce, reflecting a 1.20% increase, while spot silver was at $94.94 per ounce, with a 0.28% increase [1]