Sou Hu Cai Jing·2026-01-30 01:15Market Overview - On January 29, international gold and silver prices surged before experiencing a sharp decline, with spot gold reaching $5,598.75 per ounce before dropping over 5% during the day. By the close, gold was down 0.68% and silver down 0.63% [2] - Major stock indices in the U.S. closed mixed on January 29, with the Dow Jones Industrial Average up 0.11% at 49,071.56 points, the S&P 500 down 0.13% at 6,969.01 points, and the Nasdaq down 0.72% at 23,685.12 points [2] - European stock indices also showed mixed results, with Germany's DAX down 1.92% at 24,347.16 points, France's CAC40 up 0.06% at 8,071.36 points, and the UK's FTSE 100 up 0.17% at 10,171.76 points [2] Institutional Insights - Swiss asset management firm Pictet believes that gold will continue to benefit from concerns over currency devaluation. The relationship between gold and fundamental factors like U.S. real interest rates and the dollar has shifted significantly, leading to a perception of gold as a "value" asset among emerging market central banks and private investors. Pictet remains optimistic about gold's role as a key hedge in balanced portfolios, viewing potential tactical pullbacks as buying opportunities for long-term structural allocations [3] Company News - Apple reported its fiscal Q1 2026 earnings on January 29, achieving a record revenue of $143.76 billion, a 16% year-over-year increase. iPhone revenue reached $85.27 billion, also a record, exceeding market expectations. Service revenue hit $30.01 billion, up 14% year-over-year, with sales in China particularly strong, growing 38% to $25.53 billion [4] - SanDisk, a storage chip manufacturer, announced its fiscal Q2 2026 earnings, reporting revenue of $3.03 billion, a 61% increase year-over-year, surpassing market estimates of $2.67 billion. The adjusted earnings per share were $6.20, a 404% increase year-over-year, leading to a more than 16% surge in stock price during after-hours trading [4]