一觉醒来，金饰克价一夜大跌上百元，多品牌设置1-5%退货手续费

Core Viewpoint - A panic sell-off has swept through the global gold and silver markets, leading to significant price drops, with silver experiencing a historic intraday decline of 36% and gold seeing its largest single-day drop in 40 years, ultimately closing down 9.52% at $4865 per ounce for gold and 26.9% at $84.7 per ounce for silver [1][4]. Group 1: Market Dynamics - The rapid increase in gold and silver prices had led to a market that was severely overbought, prompting profit-taking by investors which triggered a chain reaction resulting in sharp price declines [4]. - The nomination of Kevin Warsh as the next Federal Reserve Chairman by Trump has raised expectations of a tightening monetary policy, strengthening the dollar and putting additional pressure on gold and silver prices [4]. - Despite ongoing geopolitical risks, market sentiment has become overstretched in the short term, contributing to the sell-off [4]. Group 2: Institutional Responses - Following the volatility in gold prices, major state-owned banks in China have adjusted their gold accumulation policies. The Industrial and Commercial Bank of China announced limits on its gold accumulation business starting February 7, 2026, affecting daily and single transaction limits [5]. - China Construction Bank has raised the minimum accumulation amount for personal gold accumulation plans to 1500 yuan, marking another adjustment by a major state-owned bank in response to market conditions [7]. Group 3: Retail Market Impact - Domestic gold jewelry prices have seen significant declines, with brands like Chow Sang Sang and Chow Tai Fook adjusting their prices down to 1625 yuan per gram from previous highs [9][10]. - Retailers are implementing return policies in light of the price drops, with some brands charging a 1-5% return fee and others refusing returns based on price fluctuations [12].