Tesla(US:TSLA) Sou Hu Cai Jing·2026-01-31 07:13Group 1 - The international gold price experienced a dramatic fluctuation at the beginning of 2026, soaring to a peak of $5598 per ounce before plummeting by nearly $670 within 30 hours, marking the largest single-day drop since 1983 [6][7][13] - Key players driving the gold price surge included the National Bank of Poland, Tether, and SPDR Gold Shares, which collectively accumulated nearly 1780 tons of gold over the past year [7][21][30] - The nomination of Kevin Warsh as the next Federal Reserve Chairman by President Trump triggered significant market volatility, contributing to the sharp decline in gold prices [7][14][18] Group 2 - The National Bank of Poland has been a major buyer of gold, purchasing approximately 100 tons in 2025, making it the largest official gold buyer globally for the second consecutive year [21][22] - Tether has accumulated 140 tons of gold, positioning itself as a significant player in the physical gold market, with plans to continue purchasing gold to support its cryptocurrency operations [25][27][28] - SPDR Gold Shares, the largest gold ETF, held approximately 1086.53 tons of gold as of January 29, 2026, making it a crucial factor in the gold market [30][32] Group 3 - The recent volatility in gold prices is attributed to multiple risk factors, including geopolitical tensions, concerns over the dollar's credit risk, and potential policy shifts under the new Fed leadership [33][34] - Analysts predict that gold may enter a phase of "oscillation and digestion" in the short term, but could rebound quickly if new risk events arise [34] - Various financial institutions have set differing price targets for gold in 2026, with some predicting a rise to $6000 per ounce, while others forecast a lower range around $4450 to $4550 per ounce [35][36]