Sou Hu Cai Jing·2026-02-01 10:30Group 1 - International gold and silver prices experienced a significant drop on January 30, with gold prices falling below $4800 per ounce and silver prices dropping below $80 per ounce, marking the largest single-day declines in decades [1] - The nomination of Kevin Walsh as the next Federal Reserve Chairman by President Trump has intensified the decline in precious metal prices, as Walsh has criticized quantitative easing policies and advocates for closer collaboration between the Federal Reserve and the Treasury [1] - The U.S. Labor Department reported that the core Producer Price Index (PPI) for December 2025 exceeded economists' expectations, indicating that inflation is becoming more integrated into the overall economy, which may lead the Federal Reserve to maintain a "neutral" monetary policy longer than anticipated, negatively impacting gold prices [3] Group 2 - Following a surge in gold and silver prices over the past month, the recent market sell-off was deemed inevitable by analysts, who noted that the rapid increase in precious metal prices had created a non-rational market environment [3] - Domestic gold jewelry prices have adjusted downward in response to falling gold prices, with brands like Chow Sang Sang reporting a decrease from 1708 RMB per gram to 1618 RMB per gram within two days [3][4] - Retailers are implementing strict return policies for gold products, with some brands charging a fee of 1%-5% for returns, and others refusing returns altogether for investment gold products like coins and bars [7][9]