金银年内涨幅近乎抹平！零售端排队扫货，交易所银行加严风控

Core Viewpoint - Precious metals have experienced a significant price drop, nearly erasing previous gains, with gold and silver prices plummeting sharply in early February 2023 [1][3]. Price Movements - As of February 2, gold prices fell to a low of $4,402.06 per ounce, reducing the year-to-date gain from 30% to 4% [1] - Silver prices also saw extreme volatility, dropping to $71.312 per ounce, with year-to-date gains shrinking from 60% to approximately 4% [1] - On February 2, the precious metals sector declined by 10.81%, with a net outflow of 1.039 billion in principal funds [2]. Historical Context - The previous week marked the largest single-day drop in gold prices in 40 years, with gold falling over 12% to a low of $4,682 per ounce [3]. - Silver experienced a historic intraday drop of over 36%, reaching a low of $74.28 per ounce [3]. Retail Impact - The drop in gold prices has led to increased retail interest, with customers flocking to stores to purchase gold jewelry at lower prices [4]. Market Analysis - The price correction is attributed to the nomination of Kevin Walsh as the next Federal Reserve Chair, which strengthened the dollar and raised concerns about future liquidity [6]. - The rapid increase in gold prices prior to the drop led to a market correction as investors took profits [6]. - The long-term outlook for gold remains supported by potential economic weakness and ongoing global risks, despite short-term volatility [7]. Risk Management - In response to the price fluctuations, the Shanghai Gold Exchange and CME have raised margin requirements for gold and silver futures [8]. - Major banks have issued risk warnings and adjusted investment thresholds to mitigate potential losses for investors [9][10][11][12].