消息面上，国际贵金属持续下行，2月6日早，金银开盘延续下跌，现货黄金一度跌破4700美元关口，日 内跌幅超1%；现货白银最低触及64.035美元/盎司，昨日收跌逾20%，回吐年初至今涨幅。昨晚公布的 美国12月JOLTS职位空缺创五年多新低，远低于预期。美国挑战者企业1月裁员10.8万人，创2009年以 来同期新高，环比激增205%。此外，美联储理事库克表示，美联储必须在近期将通胀率拉回目标水 平，这对于维护其信誉至关重要。库克认为，目前风险偏向于通胀上行，同时经济前景不确定性仍处高 位。 黄金股集体低开，截至发稿，中国黄金（600916）国际(02099)跌5.36%，报180港元；灵宝黄金(03330) 跌5.11%，报20.78港元；山东黄金（600547）(01787)跌5.11%，报36.74港元；赤峰黄金（600988） (06693)跌4.74%，报33.8港元。 山东黄金 赤峰黄金 山东黄金 赤峰黄金 灵宝黄金 中国黄金国际 分时图 日K线 周K线 月K线 45.39 -0.43 -0.94% 6.11% 4.08% 2.03% 0.00% 2.03% 4.08% 6.11% 43.02 43 ...

（文章来源：每日经济新闻） 每经AI快讯，黄金股集体低开，截至发稿，中国黄金国际(02099.HK)跌5.36%，报180港元；灵宝黄金 (03330.HK)跌5.11%，报20.78港元；山东黄金(01787.HK)跌5.11%，报36.74港元；赤峰黄金(06693.HK) 跌4.74%，报33.8港元。 ...

消息面上，国际贵金属持续下行，2月6日早，金银开盘延续下跌，现货黄金一度跌破4700美元关口，日 内跌幅超1%；现货白银最低触及64.035美元/盎司，昨日收跌逾20%，回吐年初至今涨幅。昨晚公布的 美国12月JOLTS职位空缺创五年多新低，远低于预期。美国挑战者企业1月裁员10.8万人，创2009年以 来同期新高，环比激增205%。此外，美联储理事库克表示，美联储必须在近期将通胀率拉回目标水 平，这对于维护其信誉至关重要。库克认为，目前风险偏向于通胀上行，同时经济前景不确定性仍处高 位。 智通财经APP获悉，黄金股集体低开，截至发稿，中国黄金国际(02099)跌5.36%，报180港元；灵宝黄 金(03330)跌5.11%，报20.78港元；山东黄金(01787)跌5.11%，报36.74港元；赤峰黄金(06693)跌4.74%， 报33.8港元。 ...

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, rising by 3.67% to a total of 15.96% [2]. - Chifeng Jilong Gold (06693) experienced a 2.20% increase, bringing its total holding to 39.55% [2]. - Southern East Select (03441) increased by 0.92%, reaching a holding of 17.08% [2]. - In the last five trading days, Xixiangfeng Group (02473) had the highest increase of 13.55%, with a current holding of 15.96% [3]. - Other notable increases include Nanhua Futures (02691) at 3.96% and Sanhua Intelligent Control (02050) at 3.33% [3]. Group 2: Companies with Decreased Holdings - The largest decrease was observed in the Yingfu Fund (02800), which fell by 2.58% to a holding of 0.83% [2]. - Beijing Jingcheng Machinery Electric Company (00187) and Junda Co., Ltd. (02865) both decreased by 1.19%, with holdings of 46.31% and 46.26% respectively [2]. - In the last five trading days, Junda Co., Ltd. (02865) saw a significant drop of 13.42%, now holding 46.26% [3]. - Other companies with notable decreases include Lion Group (02562) at -3.38% and Weimob Group (02013) at -3.32% [3].

Market Overview - The gold and silver markets experienced significant volatility, with gold prices dropping nearly 3% at one point and settling at $4926.64 per ounce, down 0.76% [1] - Silver faced a more severe decline, plunging nearly 16% during the day and closing down 10.69% at $78.77 per ounce [3] Futures Market - The futures market mirrored the spot market's weakness, with COMEX gold futures down 0.4% at $4931.1 per ounce and COMEX silver futures down over 7% at $77.875 per ounce [5] Stock Market Impact - Precious metal-themed LOFs (Listed Open-Ended Funds) fell, with gold LOFs and Jiashi Gold LOF dropping over 2%, and Guotou Silver LOF hitting a trading halt for the fourth consecutive day [7] - The A-share precious metals sector saw an overall decline exceeding 6%, with most stocks closing in the red [8] Individual Stock Performance - Notable declines in individual stocks included: - Hunan Silver: down 9.97% at $13.90 - Xiaocheng Technology: down 9.84% at $59.04 - Sichuan Gold: down 9.74% at $46.08 [9] Market Sentiment and Influences - The recent downturn in gold and silver prices is attributed to a combination of factors, including the nomination of hawkish Federal Reserve member Waller, which triggered market panic and profit-taking after significant price increases [12][16] - Analysts suggest that the core driver of the decline is the large-scale profit-taking following a period of substantial price appreciation, rather than a direct causal relationship with Waller's nomination [16] Future Outlook - Short-term volatility is expected to continue, but the long-term upward trend for gold remains intact, supported by factors such as central bank purchasing and increased demand from private investors [20] - Goldman Sachs maintains a price target of $5400 per ounce for gold by December 2026, while JPMorgan is more aggressive, predicting $6300 per ounce, citing ongoing demand from central banks and diversified investment strategies [20]

Group 1 - The Hong Kong gold stocks experienced a collective decline, with China Gold International dropping nearly 8% and Zijin Gold International falling close to 7% [1][2] - Spot gold prices fell below $4900 per ounce, decreasing by 1.43%, while spot silver dropped below $79 per ounce, plummeting by 11% [1] - Analysts predict that the average gold price for this year is expected to reach a historical high, while the average silver price is also revised upward but faces high volatility risks [1] Group 2 - The main silver futures contract in Shanghai saw a significant drop of 8%, currently reported at 20870 yuan per kilogram [1] - The decline in silver prices is anticipated to be more severe due to a decrease in demand, leading to potentially more drastic corrections [1] - The following companies reported notable declines in stock prices: China Gold International (-7.75%), Zijin Gold International (-6.68%), and Chifeng Jilong Gold Mining (-6.42%) [2]

Group 1: Insurance Sector - Insurance stocks are experiencing significant declines, with China Life (02628) down 3.75%, New China Life (01336) down 3.28%, and China Pacific Insurance (02601) down 2.74%. The government plans to issue approximately 200 billion yuan in special bonds to inject capital into major insurance companies, marking the first time this method will be used for insurance firms in China [1] Group 2: Logistics and Delivery - ZTO Express (02057) has seen an increase of over 2.3%. The company estimates that its total revenue for 2025 will be between 48.5 billion yuan and 50 billion yuan, representing a growth of approximately 9.5% to 12.9% compared to 44.2807 billion yuan in 2024 [1] Group 3: Biotechnology - Innovent Biologics (09969) has risen over 4%, with a current increase of 3.25%. The company anticipates achieving revenue of 2.37 billion yuan in 2025, a year-on-year growth of approximately 134%, and expects to turn a profit with a net profit of around 630 million yuan [1] Group 4: Coal Sector - Coal stocks are generally declining, with Yancoal Australia (03668) down 6.63%, Shougang Resources (00639) down 7.83%, and China Shenhua (01088) down 2.47%. This decline follows reports that the Indonesian government has proposed a production cut plan, leading to a 40% to 70% reduction in production quotas for major miners [2] Group 5: Medical Devices - GigaGen (02367) has increased over 8%, currently up 4.11%. The company recently announced that its "recombinant type I α1 collagen and sodium hyaluronate composite solution" has been approved as a medical device, marking a significant milestone as the first product of its kind for improving facial smoothness [2] Group 6: Semiconductor Sector - Semiconductor stocks are all declining, with Hua Hong Semiconductor (01347) down 5.91% and SMIC (00981) down 3.49%. This follows a significant drop in AMD's stock price by 17.31% after its fourth-quarter report indicated that while revenue exceeded expectations, the guidance for the first quarter was below market expectations [3] Group 7: Restaurant Sector - Restaurant stocks are performing well, with Yum China (09987) up 8.41% and Haidilao (06862) up 2.69%. The restaurant industry has shown signs of recovery, with retail sales in the sector growing by 3.8%, 3.2%, and 2.2% year-on-year in the last quarter of 2025, significantly outpacing overall retail growth [3] Group 8: Consumer Goods - Miniso (09896) has risen over 5.1% after announcing its partnership with the Central Radio and Television Station for the 2026 Spring Festival Gala. This collaboration is seen as a significant marketing move to elevate the brand's visibility in the mainstream market [4] Group 9: Gold Sector - Gold stocks are declining, with China Gold International (02099) down 6.8% and Zijin Mining (02899) down 6.29%. Recent volatility in the international gold market has been noted, with expectations that geopolitical tensions and liquidity easing by the Federal Reserve may drive gold prices higher [4] Group 10: Cryptocurrency - Cryptocurrency ETFs and related stocks are continuing to decline, with significant drops in prices, including Bitcoin falling below $72,000 for the first time in 15 months. The price has decreased by over 42% from its peak last October [5] Group 11: US Market Highlights - Boston Scientific (BSX.US) fell 17.59% after providing lower-than-expected guidance for fiscal year 2026. The company expects adjusted earnings per share to be between $3.43 and $3.49, slightly below analyst expectations [6] - Solar stocks surged, with Enphase Energy (ENPH.US) rising 38.6% following reports of interest from Elon Musk's teams in the Chinese solar supply chain [6]

Group 1 - The Hong Kong gold stocks experienced a collective decline, with China Gold International dropping nearly 8% and Zijin Mining International falling close to 7% [1] - Other companies such as Chifeng Jilong Gold, Zijin Mining, Lingbao Gold, and Shandong Gold also saw declines exceeding 6% [1] - Spot gold prices fell below $4900 per ounce, down 1.43% for the day, while spot silver dropped below $79 per ounce, experiencing a significant decline of 11% [1] Group 2 - The main silver futures contract in Shanghai plummeted by 8%, currently reported at 20870 yuan per kilogram [1] - A Reuters survey indicated that analysts expect the average gold price for this year to reach a historical high, with silver price expectations also raised but facing high volatility risks [1] - Analysts predict that silver prices will maintain high volatility, potentially experiencing more severe corrections due to declining demand [1]

Group 1 - Gold stocks have declined again, with China Gold International (02099) down 6.21% to HKD 188.9, Zijin Mining (02899) down 5% to HKD 39.56, Zijin Gold International (02259) down 4.82% to HKD 205.2, and Chifeng Jilong Gold Mining (06693) down 4.77% to HKD 35.9 [1] - Recent volatility in the international gold market has been noted, with a report from Galaxy Securities indicating that expectations of liquidity premium due to perceived loss of Federal Reserve independence and a pullback from recent price surges may lead to a potential increase in gold prices [1] - Dongfang Securities mentioned that the recent nomination of Waller by Trump for the next Federal Reserve Chair has led to market expectations that Waller would support interest rate cuts, but would not adopt aggressive monetary easing policies like other potential nominees, alleviating concerns about Fed independence [1]

Core Viewpoint - The recent decline in gold stocks is attributed to increased volatility in the international gold market, with expectations of a potential rise in gold prices due to liquidity easing by the Federal Reserve and escalating global geopolitical conflicts [1] Group 1: Company Performance - China Gold International (02099) fell by 6.21%, trading at 188.9 HKD [1] - Zijin Mining (02899) decreased by 5%, with a price of 39.56 HKD [1] - Zijin Gold International (02259) dropped by 4.82%, priced at 205.2 HKD [1] - Chifeng Jilong Gold Mining (06693) saw a decline of 4.77%, trading at 35.9 HKD [1] Group 2: Market Analysis - Galaxy Securities reported that the market's excessive expectations regarding the Federal Reserve's independence and liquidity premium are leading to a correction after a significant short-term price increase [1] - Dongfang Securities noted that the recent nomination of Waller as the next Federal Reserve Chair has eased concerns about aggressive monetary policy, leading to a short-term adjustment in precious metals trading [1] - The fundamental logic for precious metals remains unchanged despite the recent market fluctuations [1]