Market Sentiment - The CNN Money Fear and Greed index showed a slight decline in overall market sentiment, remaining in the "Neutral" zone with a reading of 52.4, down from 52.8 [6] - U.S. stocks settled mixed, with the Dow Jones index falling more than 250 points during the session, closing lower by around 285 points to 49,098.71 [1][4] Stock Performance - Goldman Sachs shares fell around 4% on Friday, while Nvidia Corp. and Advanced Micro Devices Inc. saw increases of 1.5% and 2.4%, respectively [2] - Intel Corp. shares dipped around 17% after issuing a weak first-quarter outlook [2] - The S&P 500 rose 0.03% to 6,915.61, and the Nasdaq Composite gained 0.28% at 23,501.24 during Friday's session [4] Economic Data - The University of Michigan's consumer sentiment index rose to 56.4 in January from a preliminary reading of 54.0 and December's reading of 52.9 [3] - The S&P Global composite PMI rose to 52.8 in January from 52.7 in the previous month [3] Sector Performance - Most sectors on the S&P 500 closed positively, with materials, consumer discretionary, and consumer staples stocks recording the biggest gains [4] - Financial and industrials stocks bucked the overall market trend, closing lower [4] Upcoming Earnings - Investors are awaiting earnings results from Steel Dynamics Inc., Nucor Corp., and Sanmina Corp. [5]

Group 1 - Goldman Sachs has promoted Ben Frost to chairman of investment banking, as per an internal memo [1] - Ben Frost led Goldman Sachs in completing two major transactions in the consumer retail sector last year, including advising Kenvue on its nearly $50 billion acquisition by Kimberly-Clark [1] - He also served as a financial advisor for Sycamore Partners in their approximately $24 billion acquisition of Walgreens Boots Alliance [1]

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Core Viewpoint - The recent surge in gold and silver prices is driven by heightened geopolitical tensions and economic uncertainties, prompting investors to seek safe-haven assets [2][3]. Group 1: Gold Market Insights - Gold futures for February delivery have risen over 2%, surpassing the $5,100 mark, while silver futures have increased by over 6%, reaching $108 per ounce, potentially marking the largest monthly gain in history [2]. - HSBC's latest report links the rise in gold and silver prices to geopolitical issues, with a weaker dollar further boosting the commodity market [4]. - Goldman Sachs has raised its gold price forecast for December 2026 from $4,900 to $5,400 per ounce, citing a persistent demand for hedging against macroeconomic risks [4][5]. - Central banks are purchasing gold at an average monthly rate of 60 tons, significantly higher than the pre-2022 average of 17 tons, indicating a shift towards gold assets in foreign reserves [5]. Group 2: Silver Market Dynamics - Silver futures have seen a remarkable increase, with prices rising over 50% this month, potentially achieving the best monthly performance since December 1979 [7]. - The current supply shortage in the silver market is a key factor driving prices higher, with analysts suggesting that the upward trend may still be in its early stages [6][7]. - The World Silver Association has indicated that 2025 will mark the fifth consecutive year of global silver supply shortages, enhancing silver's appeal as a more accessible alternative to gold [7]. - Analysts predict that silver prices could reach $120 per ounce by 2026, driven by ongoing geopolitical tensions and increased demand [7].

2026.01. 26 本文字数：2170，阅读时长大约4分钟 作者 | 第一财经 樊志菁 随着地缘政治紧张局势高烧不退、全球财政风险忧虑卷土重来，投资者当地时间26日开盘再次涌向 贵金属寻求避险。 截至第一财经发稿时，纽约商品交易所2月交割的COMEX黄金期货上涨超2%，突破5100美元关口， 2月白银期货日内飙升超6%，一度站上108美元/盎司，或创下史上最大月涨幅纪录。 黄金再迎里程碑 近期从格陵兰岛、委内瑞拉到中东的多个冲突热点都推高了地缘政治风险，进一步凸显黄金对冲不确 定性的属性，成为这一贵金属价格飙升的重要原因。上周末，美国总统特朗普威胁对加拿大加征 100%关税，再次引发外界对全球经济不确定性担忧。 汇丰银行在最新研报中表示："黄金和白银价格近期的进一步上涨，与地缘经济问题密切相关。" 与此同时，美元弱势也提振了大宗商品市场，投资者关注可能再次到来的政府停摆。26日盘初，美 元指数下跌0.4%，报97.11，创近四个月新低。23日日本政府表态将采取措施应对日元回落波动背后 的市场投机行为，并警告称已做好干预准备，此后投资者将持续密切关注日本股市与日元走势。巴克 莱银行认为："干预预期升温推动日 ...

⾼盛警告称， "过度持仓"和"极度看涨情绪"为"头条 冲击"临界点铺平了道路 BY TYLER DURDEN THURSDAY, JAN 22,2026-09:15 PM 本周早些时候，我们曾提醒读者，根据⾼盛流动交易部⻔的最新报告，仓位已经极度紧张，这导致 市场变得越来越脆弱，容易出现⼤幅波动。时间快进到今天，⾼盛交易部⻔的另⼀个分⽀，即战术 流动交易部⻔，呼应了其位于⻄200号的交易同⾏们的观点，并写道，尽管"仓位紧张，市场情绪 显示出极度看涨"，这"为突发新闻引发的⼤幅波动铺平了道路，但近期的资⾦流动状况仍然对美国 股市构成⽀撑。"因此，⾼盛团队写道："我们认为，在短期内，最有可能出现的情况是，抛售得到 控制，同时伴随着反弹⾏情。" 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 以下 ...

⽩银价格突破100美元，因中国需求确实"爆表" BY TYLER DURDEN FRIDAY, JAN 23,2026-11:45 PM 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 更多一手调研纪要和海外投行研报数据加V：shuimu2026 最近真是⼀段不寻常的历程啊…… https://www.zerohedge.com/markets/silver-tops-100-chinese-demand-literally-charts 1/4 现货⽩银价格有史以来⾸次突破每盎司100美元…… 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 2026/1/24 00:43 Silver Tops $100 As Chinese Demand Is Literally 'Off The ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【1月26日消息，上周美元指数大跌，贵金属大幅上涨】上周，美元指数大幅下挫，黄金、白银等贵金 属同步大涨。黄金涨幅达8.4%，白银涨幅升至14.4%，此前遥不可及的5000美元/盎司关口近在咫尺。 各大机构纷纷上调黄金目标价，高盛最新研报将2026年底黄金价格预测从4900美元/盎司上调至5400美 元/盎司。 原因是私人投资者与各国央行的黄金需求持续攀升。高盛预计，2026年各国央行每月将增持 60吨黄金。 叠加美联储降息背景，黄金ETF配置规模也将同步增加，推动黄金估值进一步走高。 ...

今天分享的是：2026年高盛宏观经济展望：增长、就业与物价 报告共计：25页 全球经济步入新阶段：2026年高盛展望揭示了哪些关键趋势？ 近日，高盛发布了对2026年全球宏观经济的最新展望报告。这份报告描绘了一幅全球经济增长稳健、但结构趋于复杂的图景。报告指出，全球经济正步入一 个"良性但复杂"的新阶段，主要经济体在增长、就业与物价等方面呈现出显著分化与新的互动关系。以下为报告核心内容的梳理与分析。 全球经济增长有望小幅超越市场预期。报告预测，2026年全球实际GDP增长率将达到2.8%，略高于市场普遍共识的2.5%。美国经济的强劲表现是主要拉动 力量，其增长预计将从2025年的2.1%加速至2026年的2.6%。这主要得益于前期关税拖累的减弱、新减税法案带来的财政刺激，以及由美联储降息预期和人 工智能投资热潮共同推动的金融条件宽松。与此同时，中国经济预计将增长4.8%，动力主要来自其"强大的制造业与出口引擎"，尤其是在稀土等关键资源领 域的主导地位和持续的成本优势，有效抵消了国内需求特别是房地产调整带来的下行压力。 然而，一个突出的悖论在于：经济增长并未同步带来劳动力市场的繁荣。报告强调，全球主要发达经济体 ...

展望后市，黄金长期上涨趋势获机构普遍看好。高盛在最新报告中，将黄金今年底目标价从每盎司4900美元上调至5400美元，理由是私人部门投资者和中央 银行对黄金的需求不断增长。高盛分析师预计，各国央行今年每月将购买60吨黄金，同时随着美联储降息，黄金ETF的持有量也将增加。各国央行已开始通 过传统的ETF，与私人部门投资者争夺有限的黄金。 （来源：财闻） 高盛在最新报告中，将黄金今年底目标价从每盎司4900美元上调至5400美元，理由是私人部门投资者和中央银行对黄金的需求不断增长。 1月26日，截至发稿，现货黄金首次突破5000美元/盎司，日内涨超1%。现货白银盘初再创新高，现报105.05美元/盎司，涨幅超2%。 | | | 东吴证券表示，2026年，在市场波动可能延续、全球央行持续购金去美元化的背景下，黄金作为具备长期保值功能和低相关性的资产，在资产配置中，更值 得稳健型投资者关注。 ...