Sou Hu Cai Jing·2026-01-02 09:58Group 1 - Spot silver prices increased by 3.29%, reaching $74 per ounce [2] - Both spot platinum and palladium prices rose by over 2% [3] - Since 2025, precious metals like gold have seen significant capital interest, with New York gold futures rising over 64%, marking the largest annual increase since 1979 [5] Group 2 - Silver futures prices increased by over 141% in the same period, driven by speculative funds and strong industrial demand, while global silver supply has been in structural shortage for five consecutive years [5] - Platinum and palladium futures prices surged by over 124% and 81% respectively, influenced by a more than 9% decline in the US dollar index [5] - Domestic gold jewelry prices stabilized, with brands like Chow Sang Sang and Chow Tai Fook reporting prices of 1360 CNY and 1357 CNY per gram respectively [5] Group 3 - Retail demand for gold has surged, with reports of limited availability for smaller gold bars and increased foot traffic in jewelry stores during the holiday season [14][15] - Young consumers are increasingly purchasing gold for both emotional value and as a means of preserving wealth, with a 20% increase in pre-orders for the New Year compared to the previous year [17] - HSBC forecasts gold prices could reach $5000 per ounce in 2026, while domestic silver prices have surged due to industrial demand and low inventory levels [18]