Core Viewpoint - China Gold announced the suspension of precious metal repurchase services during non-trading days starting February 7, 2026, due to significant price volatility and rising uncertainty in the precious metals market [1]. Group 1: China Gold's Announcement - Starting February 7, 2026, China Gold will suspend precious metal repurchase services on weekends and public holidays when the Shanghai Gold Exchange is not trading [1]. - The company emphasized the need for consumers to approach the precious metals market with caution and to enhance risk awareness [1]. - China Gold will implement limit management on repurchase transactions, including daily limits for individual customers and total limits per transaction, with a reservation system in place [1]. Group 2: Industry-Wide Adjustments - Other leading gold retailers have also announced adjustments to their precious metal repurchase services [4]. - Cai Bai Co., Ltd. will similarly suspend repurchase services on non-trading days starting February 6, 2026, and will implement limit management during business hours [5]. - Several banks, including Industrial and Commercial Bank of China, will adjust their gold-related rules, including limit management for gold accumulation and redemption services starting February 7, 2026 [5].

Core Viewpoint - China Gold (600916.SH) will suspend its precious metal repurchase business during non-trading days starting from February 7, 2026, due to significant price volatility and rising uncertainty in the precious metals market [1][2]. Group 1: Business Adjustments - The company aims to align its repurchase business with market price mechanisms, avoiding pricing disputes by only conducting transactions on trading days when fair market prices are available [2][4]. - The adjustments include implementing limit management on repurchase transactions, such as daily repurchase limits per customer and total repurchase limits per transaction, which will be dynamically adjusted based on market conditions [4][7]. - The company will also unify the rules for online and offline repurchase channels to enhance service consistency and operational efficiency [2][4]. Group 2: Market Context - Recent fluctuations in gold prices have been notable, with the latest price for gold T+D at 1111 CNY per gram, up by 32.01 CNY (2.97%) from the previous trading day, but down 11.47% from a recent high of 1255 CNY per gram [2][5]. - The overall sentiment in the precious metals market has shifted from risk aversion to speculation, exacerbating trading volatility and valuation risks [7]. Group 3: Industry Trends - Other leading gold retailers, such as Caibai Co. (605599.SH), have also announced similar adjustments to their repurchase business, indicating a broader industry trend towards managing operational risks amid market volatility [7]. - Banks, including Industrial and Commercial Bank of China, are also implementing limit management on gold-related services during non-trading days, reflecting a comprehensive approach to risk management across the sector [7].

据中国黄金官网公告，自2026年2月7日起，在周六、周日及法定节假日等上海黄金交易所非交易日期 间，公司暂停办理贵金属回购业务。在业务办理时间内，对回购业务实施限额管理，包括但不限于单一 客户单日累计回购上限、单笔回购总量上限等，并实施预约制。 责任编辑：钟离 近期，黄金市场出现大幅波动。东方财富网显示，黄金T+D最新价为1111元/克，较前一交易日上涨 32.01元，涨幅达2.97%。但相较近期1255元/克的高点，跌了11.47%；国内期货市场中，沪金主连最新 价为1114.5元/克，相较近期1258.72元/克的高点，跌了11.46%。 财经频道更多独家策划、专家专栏，免费查阅>> 中国黄金表示，近期受多重因素影响，贵金属价格波动显著加剧，不确定性持续上升。公司提示广大消 费者理性看待贵金属市场波动，提高风险防范意识，理性投资黄金。为适应贵金属市场风险管理要求， 提升业务运营效能与客户服务水平，公司将对"中国黄金"品牌所有渠道（包括线下门店及线上渠道）的 贵金属回购业务规则进行调整。 ...

Domestic News - China's gold reserves increased by 40,000 ounces in January, marking the 15th consecutive month of accumulation, bringing the total to 74.19 million ounces (approximately 2,307.567 tons) [2] - As of January 2026, China's foreign exchange reserves rose to $33,991 billion, an increase of $41.2 billion (1.23%) from December 2025 [2] - The State Taxation Administration announced that taxpayers can make appointments for the 2025 individual income tax reconciliation starting February 25, with the reconciliation period set from March 1 to June 30, 2026 [2] Industry Developments - A reusable experimental spacecraft was successfully launched on February 7 from the Jiuquan Satellite Launch Center, aimed at validating reusable spacecraft technology for peaceful space utilization [3] - The coastal bulk cargo transportation market in China is experiencing a downturn, with the coastal bulk cargo composite index dropping by 4.5% to 968.98 points due to decreased demand as the Spring Festival approaches [3] - The China National Railway Group reported that on February 7, the national railway is expected to send 13.8 million passengers, with 1,249 additional passenger trains planned [3] - Shanghai aims to establish 500 advanced intelligent factories and increase the density of industrial robots to 600 units per 10,000 people during the 14th Five-Year Plan period [3] Investment Initiatives - The "Green Beauty Fund," focusing on forestry industry investments, has been established in Guangdong, marking a significant advancement in the province's forestry financing mechanism [4] International Trade - A temporary trade agreement framework between the U.S. and India was announced, with India reducing tariffs on U.S. industrial and agricultural products, while the U.S. will lower its "reciprocal tariff" rate from 25% to 18% [5] - France's exports to the U.S. saw a significant decline in Q4 2025, with a 13% year-on-year drop, particularly in the spirits and wine sectors, which fell by 47% and 39% respectively [5]

Group 1 - Major gold companies are adjusting their precious metal buyback business rules, with China Gold announcing changes effective February 7, 2026, including the suspension of buyback services on non-trading days and the implementation of limit management on buyback transactions [1] - The buyback limit management will include daily cumulative buyback limits for individual customers and total limits for single transactions, with adjustments based on market conditions [1] - Another leading gold retailer, Caibai Jewelry, has also announced similar adjustments to its buyback business, effective February 6, 2026, including the same limitations and dynamic settings [1] Group 2 - Precious metal prices have experienced significant volatility due to multiple factors, including a decline in the US dollar index and investor buying on dips, with gold prices rising by 1.85% to $4979.80 per ounce and silver prices increasing by 0.24% to $76.895 per ounce on February 6 [2] - For the week, gold prices increased by 4.95%, while silver prices decreased by 2.08% [2] - The Shanghai Gold Exchange announced adjustments to margin levels and price fluctuation limits for certain contracts, effective February 9, 2026, with gold contract margins increasing from 17% to 18% and silver contract margins from 23% to 24% [2] Group 3 - Experts indicate that adjusting margin and price fluctuation limits is a common risk management tool in financial markets, aimed at conducting counter-cyclical adjustments to prevent systemic risks from significant market fluctuations [3]

美东时间2月6日， 贵金属强势反弹，现货黄金涨3.98%，报4966.61美元/盎司；COMEX黄金涨2.03%，报4988.6美元/盎司；现货白银涨近10%，报77.78美 元/盎司。 | 全球商品 | 中國商品 原油 | 黄金白银 | | --- | --- | --- | | 贵金属 △ | | | | 伦敦金现 | 伦敦银现 | COMEX黄金 | | 4966.610 | 77.780 | 4988.6 | | +190.130 +3.98% | +6.878 +9.70% | +99.1 +2.03% | | COMEX白银 | SHFF黄金 | SHFE白银 | | 77.525 | 1114.50 | 19840 | | +0.811 +1.06% | +30.58 +2.82% | +673 +3.51% | | | | 6 @中新经纬 | 中国黄金宣布：调整贵金属回购业务规则 2月6日，"中国黄金"官微发布《关于贵金属风险提示及调整贵金属回购业务规则的公告》（以下简称《公告》）。 《公告》称，近期受多重因素影响，贵金属价格波动显著加剧，不确定性持续上升。中国黄金集团黄金珠宝股份有限公司提示 ...

Core Viewpoint - The recent announcement by China Gold Group regarding adjustments to its precious metal buyback business rules highlights the increasing volatility and uncertainty in the precious metals market, prompting the company to enhance risk management and operational efficiency [5][6]. Group 1: Business Adjustments - Starting from February 7, 2026, China Gold will suspend its precious metal buyback business on weekends, public holidays, and other non-trading days of the Shanghai Gold Exchange [5]. - The company will implement limit management on buyback transactions, including daily cumulative buyback limits per customer and total buyback limits per transaction, with a reservation system in place [5][6]. - The limits will be dynamically adjusted based on market conditions, indicating a proactive approach to managing market risks [5]. Group 2: Market Context - The announcement follows similar adjustments made by other leading gold retailers, such as Caibai Jewelry, which also suspended buyback services on non-trading days and introduced limit management on February 6, 2026 [6]. - Additionally, major state-owned banks, including Industrial and Commercial Bank of China, have announced similar measures for their gold accumulation services, indicating a broader trend in the industry towards stricter risk management practices [9]. Group 3: Company Profile - China Gold Group is a large professional gold jewelry production and sales enterprise, operating under the "China Gold" brand and is a subsidiary of China National Gold Group Corporation [5]. - As of February 6, 2026, China Gold's stock price was reported at 11.42 yuan per share, with a total market capitalization of 19.186 billion yuan [6].

Core Viewpoint - China Gold Group Jewelry Co., Ltd. (referred to as "China Gold Jewelry Company") has announced adjustments to its precious metal repurchase business rules in response to significant price volatility and rising uncertainty in the precious metals market [1][2] Group 1: Business Adjustments - The repurchase business will be suspended on weekends and public holidays starting from February 7, 2026, during non-trading days of the Shanghai Gold Exchange [1] - The company will implement limit management on repurchase transactions, including daily cumulative repurchase limits per customer and total limits per transaction, effective from February 7, 2026 [2] - The limits will be dynamically adjusted based on market conditions, and specific details will be announced through the company's various channels [2] Group 2: Customer Communication and Service - Customers are encouraged to consult the official customer service channels of "China Gold" for any inquiries regarding the adjustments to the repurchase business [2] - The company will continue to monitor market dynamics and optimize the repurchase business rules as necessary, ensuring that any previous announcements that conflict with this announcement will be superseded by the current one [2] - China Gold Jewelry Company aims to enhance service processes to provide a more comprehensive and high-quality service experience for customers [2]

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 ...

Group 1 - Precious metals concept shows partial recovery, with Hunan Gold (002155) achieving a remarkable 10 consecutive trading days of gains [1] - Chao Hong Ji (002345) hits the daily limit up, indicating strong market interest [1] - Other companies such as Cuihua Jewelry (002731), Xiaocheng Technology (300139), China Gold (600916), Sichuan Gold (001337), and Huayu Mining (601020) also experience upward movement [1]