Group 1 - Elon Musk is merging his rocket manufacturer SpaceX with AI startup xAI, preparing for an unprecedented IPO with an estimated valuation of approximately $1.25 trillion [1] - The merger represents the largest integration in Musk's extensive business portfolio, combining two companies that have seen soaring valuations in the private market, with SpaceX valued at $800 billion and xAI at $230 billion [1] - The latest round of xAI financing included investors such as Nvidia, Cisco Investments, and several firms that have historically supported Musk's ventures [2] Group 2 - SpaceX currently holds significant government contracts worth billions, far surpassing xAI in terms of defense contracting scale [3] - SpaceX was founded in 2002 and has become a leading provider of orbital launch services, while xAI was launched in 2023 as a potential competitor to OpenAI [4] - SpaceX is projected to achieve revenues of approximately $15 billion to $16 billion by 2025, with estimated profits around $8 billion, while xAI is struggling financially as it builds costly infrastructure to compete in the AI space [4] Group 3 - Musk describes the merger as part of a future strategy to build data centers in space, with plans to launch up to 1 million satellites as part of its "orbital data center" project [5] - The company estimates that within 2 to 3 years, the lowest cost method for acquiring AI computing power will be achieved in space, which could accelerate technological advancements and understanding of physics [6]

Group 1 - The January non-farm employment report, originally scheduled for release on February 6, 2026, will be postponed due to the government shutdown [1] - The delay in the employment report means economists and investors will have to wait longer to assess whether the hiring stabilization trend observed in December will continue into the new year [1] - The market does not expect this delay to significantly impact the Federal Open Market Committee's next interest rate decision scheduled for March 17-18, 2026 [1] Group 2 - The government shutdown has also affected the release of the Job Openings and Labor Turnover Survey (JOLTS), which was set to be published on the following Tuesday [2] - The Bureau of Labor Statistics has faced delays in releasing various routine data due to the previous record-long shutdown that lasted until early November [2] - The ongoing government shutdown is attributed to Congress's failure to agree on a spending plan, particularly concerning funding for the Department of Homeland Security [2]

Group 1 - The core viewpoint is that the recent sharp decline in gold prices is attributed to the potential orthodox policies of Kevin Warsh, the Federal Reserve chair nominee, which may reduce gold's appeal as a hedge against currency devaluation [1] - The volatility in the options market is disrupting gold's role as a barometer for geopolitical conflicts, as indicated by the Chicago Board Options Exchange (Cboe) gold volatility index recently closing above 44, a level not seen since the 2008 financial crisis and the 2020 pandemic [2] - There has been a significant increase in the purchase of "call" options on the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV), leading to a feedback loop where banks face risks of price declines, resulting in potential massive sell-offs [2][3] Group 2 - The U.S. stock market has seen a dramatic increase in nominal trading volume of blue-chip stock options, from approximately $0.5 trillion in 2020 to nearly $3.5 trillion by 2025, indicating a similar trend in precious metals options trading [3] - The Cboe gold volatility index reached a record level of 44, surpassing both the actual volatility of gold and the implied volatility of the S&P 500, suggesting a frenzy of "call" option buying is contributing to the current market dynamics [3] - Historical analysis shows that when gold's implied volatility exceeds 40%, gold prices tend to rise by an average of 10% three months later, although the current situation may not follow this trend due to prior price increases [6]

来源：第一财经 2026.02.02 本文字数：2352，阅读时长大约4分钟 作者 | 第一财经 安卓 2月2日，黄金、白银价格继续剧烈波动。截至记者发稿，现货黄金跌6.80%，报4562美元/盎司；现货白银跌11.46%，早间曾一度转涨，但随后又大幅下 挫，报75.49美元/盎司。 第一财经发现，随着黄金、白银价格持续大幅下挫，人们投资实物黄金的热情有所松动，部分投资者选择观望，此前日日被抢断货的银行金条也出现了库 存，部分银行的实物金条甚至显示为"库存充足"状态。 投资情绪降温 | 11:28 ■ … | | KBPs Will St (100) | | 11:49 ■ … | | 14 . "Ill , 200 | 11:48 ■ … | | 1.85 Will @ 100 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | < | 产品详情 | બ્દ | | | 产品详情 | . 69 | < | 产品详情 | . (00 | | | | | | | 00 0 | 产品工工资产业、服务的体育 | | | | | 产品由残 ...

据三位现任地区官员和一位熟悉计划的前任官员透露，美国和伊朗的高级官员预计将于周五在伊斯坦布 尔举行会晤，旨在缓和两国之间的危机。 官员们表示，此次会谈旨在让特朗普的中东特使威特科夫、特朗普的女婿库什纳以及伊朗外交部长阿拉 格齐坐到谈判桌前。预计来自土耳其、卡塔尔和埃及的高级官员也将出席。 白宫官员没有立即回应置评请求。谈判计划可能会发生变化。 如果会谈如期举行，这将标志着美伊官员之间一次罕见的面对面接触。当前，特朗普的军事威胁以及伊 朗领导人拒绝接受其要求，已将两国推向了战争边缘。 他宣布一支美国"舰队"正"带着巨大的力量、热情和目标"向该国进发。航班跟踪数据和卫星图像证实， 美国确实扩大了在该地区的军事存在。 特朗普的要求旨在解决长期以来的担忧，即伊朗及其代理人对美国军事基地以及以色列和沙特等美国亲 密伙伴构成的威胁。但是，尽管许多中东国家也反对伊朗的区域活动，但很少有邻国支持特朗普攻击伊 朗的誓言，担心此举可能引发更广泛的战争。 国际危机组织（International Crisis Group）伊朗项目主任Ali Vaez表示："这种前所未有的、一致的区域 反应与其说是对伊朗的支持，不如说是对美国干预可 ...

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 今日优选 美劳工统计局推迟原定于周五公布的就业报告 ISM数据显示，美国制造业一年后重返扩张区间 特朗普：与印度达成贸易协议，对等关税将从25%降至18% 特朗普拟设120亿美元关键矿产战略储备，名为"金库计划" 据悉伊朗总统已下令开启与美国的核问题专项谈判 上海黄金交易所：调整白银延期合约保证金水平和涨跌停板 对基金资产进行重估，国投白银LOF基金净值单日跌31.5% 财政部发布关于增值税进项税额抵扣等有关事项的公告 商务部等9单位印发《2026"乐购新春"春节特别活动方案》 市场盘点 周一，因投资者权衡沃什领导下的美联储可能呈现的政策面貌，以及数据显示美国制造业1月已重回增长轨道，美元指数延续涨势，并一度逼近98关口，最 终涨0.49%，报97.61；基准的10年期美债收益率收报4.279%，对美联储政策利率敏感的2年期美债收益率收报3.586%。 金银价格周一持续下跌，芝加哥商品交易所集团（CME）提高保证金要求，加剧了上周沃什被提名为美联储下任主席后引发的急剧抛售 ...

Core Viewpoint - The decline in precious metal prices is primarily driven by the nomination of Kevin Warsh to replace Jerome Powell as the Federal Reserve Chairman, which has led to market uncertainty and a reevaluation of trading strategies [1][5]. Precious Metals Market - As of the latest report, international spot gold prices have dropped over 3.5%, hovering around $4,700 per ounce, following a historic decline of over 9% last Friday, marking the largest single-day drop since 1983 [1]. - International spot silver prices fell by 7.6%, dropping below the $80 mark, with a significant plunge of 36% last Friday, setting a record for the largest single-day decline [1]. - Analysts suggest that the recent sell-off in precious metals began at the end of January, driven by concerns over the Federal Reserve's independence and the potential for a declining dollar [4]. Market Reactions and Strategies - The nomination of Warsh, perceived as a hawkish figure, has prompted investors to reassess their previous trading strategies, which included long positions in commodities and precious metals [5]. - Market participants are particularly concerned about Warsh's advocacy for reducing the Fed's balance sheet, which could tighten liquidity—a critical factor for market stability [5]. - Despite the current downturn, some analysts view the sell-off as a "healthy correction" rather than a signal of a long-term trend reversal, predicting that gold could reach $5,020 per ounce and silver around $88 by year-end [7][8]. Future Outlook - Deutsche Bank analysts maintain their forecast for gold prices to rise to $6,000 per ounce by year-end, indicating that the fundamental drivers for higher prices remain intact [8]. - JPMorgan Private Bank suggests that gold's allocation in investment portfolios could increase from the current level of just over 3% to between 5% and 10%, driven by geopolitical risks and central bank purchases [9][11]. - HSBC's chief multi-asset strategist argues that the recent price declines should be viewed as a position liquidation rather than a panic signal, emphasizing that these adjustments are unlikely to significantly impact stock and credit markets [11].

Group 1 - Morgan Stanley's chief equity strategist Mike Wilson believes that the nomination of Kevin Warsh as the next Federal Reserve Chairman should restore market confidence that has been shaken in recent months [1] - Wilson views Warsh as the most hawkish candidate, suggesting his appointment could act as a "credibility anchor" to slow the decline of the US dollar, which remains a core policy goal of the Trump administration [1] - The recent parabolic rise in precious metal prices indicates market unease regarding the speed of the dollar's decline, and Warsh's appointment may temper the upward momentum of gold and silver [1] Group 2 - Wilson and his equity strategy team propose a "three-layer rebalancing framework," which contrasts with the views of most market participants, suggesting that the Trump administration plans to address external trade imbalances through a weaker dollar and tariffs [2] - The administration aims to resolve domestic imbalances (excessive consumption/insufficient investment) through capital expenditure incentives and trade policies outlined in the "Big and Beautiful" Act [2] - The White House's strategy to address the current K-shaped economic recovery focuses on increasing wages for low-income groups rather than direct cash subsidies [2] Group 3 - Morgan Stanley indicates that the decline in gold prices and subsequent productivity improvements may provide further upside potential for the stock market, recommending investors shift from commodity cyclical stocks to consumer cyclical/non-essential consumer stocks [4]

2月2日，国投白银LOF发布公告称，自即日起将参考白银期货国际主要市场价格的变动幅度，对基金资 产进行合理重估。这一表述看似技术性极强，但在当前白银市场背景下，其实释放了一个非常明确的信 号：内外盘价格体系已经出现实质性失真，常规估值方法难以继续适用。 这并非一次常规的估值调整，而是一种带有"风险纠偏"性质的应急操作。 一、为何需要启动"重估机制" 从公告措辞可以看到，基金管理人明确提到两个关键词： 这意味着，在近期的剧烈行情中，外盘白银价格的真实波动，未能被内盘期货价格完整反映。原因并不 复杂，包括但不限于： 在这种情况下，如果仍然机械地以国内期货结算价作为基金资产估值基础，基金净值将不可避免地偏离 真实的可交易价值，进而对申赎、公允披露乃至二级市场交易形成误导。 换句话说，问题不在于价格涨跌，而在于"价格是否真实"。 二、此次估值重估是如何操作的 值得注意的是，公告并未采用"直接使用外盘价格替代估值"的方式，而是选择了一种更为审慎、也更符 合监管逻辑的方法。 这种方式的本质，是在内盘价格暂时失灵的情况下，引入外盘作为"方向与幅度校准器"，而不是彻底更 换定价体系。 三、为何涉及多个中远月合约 公告中被列明 ...

因相关信息尚未公开，这些匿名知情人士表示，若获得成员国支持，该禁令或将涵盖铱、铑、铂和铜。 欧盟的制裁措施需得到所有成员国的支持，欧盟计划于本月正式通过这套新制裁方案。 负责欧盟制裁事务的欧盟委员会发言人对此拒绝置评。 俄罗斯金属正逐步被主流交易中心拒之门外。英国的制裁措施禁止2024年4月13日后生产的俄罗斯原产 铜在伦敦金属交易所进行交易或交割，而伦敦铂钯市场也已于2022年将俄罗斯精炼商从其交割名单中剔 除。 这些举措甚至对工业消费者也形成了需求限制，他们如今无法再将俄罗斯金属用于融资活动。在铜贸易 领域，由于俄罗斯数家大型生产商已遭制裁，欧洲买家基本已完全放弃采购俄罗斯铜。 尽管大部分俄罗斯金属交易量已转向亚洲市场，但仍有不少此类金属流入西方市场。 若该新限制措施获批，其制裁目标将主要指向俄罗斯最大的矿业公司——诺里尔斯克镍业公司（MMC Norilsk Nickel PJSC）。该公司因在全球工业领域的重要地位，此前尚未受到制裁。该矿商的钯金产量 占全球汽车催化剂用钯供应量的约40%，不过钯金并未被纳入欧盟此次的制裁清单。同时，该公司也是 俄罗斯最大的铂、铱、铑、镍和铜生产商。 据知情人士透露，欧盟 ...