每日投行/机构观点梳理（2026-02-02）

Group 1 - Macquarie Group strategist Thierry Wizman indicates that Trump's nomination of Kevin Warsh to lead the Federal Reserve helps stabilize the dollar, although concerns remain about potential pressure for interest rate cuts [1] - The Canadian dollar may face downward risks due to multiple pressures, including a potential rebound of the US dollar and rising unemployment in Canada, which could lead to expectations of further rate cuts by the Bank of Canada [2] - CreditSights highlights that Warsh's return intensifies the debate over the Fed's balance sheet, which could shift regulatory pressure to the Treasury, especially as the national debt exceeds $30 trillion [3] Group 2 - China International Capital Corporation (CICC) notes that gold prices above $5,500 per ounce represent a significant threshold, indicating a potential shift in the global monetary system [3] - CICC also states that Warsh's nomination has limited short-term impact on the interest rate path but may adjust expectations for dollar liquidity, potentially easing depreciation pressure on the dollar [4] - Huatai Securities reports that the recent performance of real estate stocks has outpaced market indices, driven by low valuations and improving fundamentals [5][6] Group 3 - Citic Securities predicts that gold could rise to $6,000 per ounce and silver to $120 per ounce by 2026, driven by strong demand and supply constraints [6] - The nomination of Warsh is seen as a representation of a shift towards a more tangible economic policy in the US, which could significantly impact global risk assets [8] - The real estate market in China is showing positive signals, with a recovery in operational assets and a potential stabilization in prices [8][9]