Sou Hu Cai Jing·2026-02-01 01:57Core Viewpoint - The precious metals market experienced significant volatility following the nomination of "hawkish" Kevin Warsh as the Federal Reserve Chairman, with gold prices dropping sharply by over 12% in a single day [1]. Group 1: Market Reactions - On January 30, spot gold hit a low of $4,682 per ounce before closing at $4,880.03, marking a 9.25% decline [1]. - The recent fluctuations in precious metal prices prompted major state-owned banks to implement additional risk assessments for clients engaging in related transactions [1][2]. Group 2: Bank Policies - Three major state-owned banks, including Industrial and Agricultural Banks, have announced new risk assessment requirements for clients participating in gold accumulation business [2][6]. - From January 31, clients with growth, aggressive, or progressive risk profiles can engage in all precious metal wallet transactions, while conservative and balanced clients face restrictions on certain transactions [2][6]. Group 3: Risk Management Measures - Banks are adjusting investment thresholds and transaction limits to enhance risk awareness among investors [7][8]. - Construction Bank raised the minimum investment for gold accumulation to 1,500 yuan, becoming the first major state-owned bank to do so [7]. Group 4: Market Outlook - Institutions are currently cautious in the short term but optimistic in the long term regarding gold prices, with expectations of increased volatility due to profit-taking [9][10]. - Analysts believe that while short-term risks are rising, the long-term logic for gold price increases remains intact, with potential for prices to reach $6,000 per ounce [10].