Group 1: Market Overview - Global financial markets are showing a positive trend, with both Japanese and South Korean stock markets rising simultaneously, and international precious metals markets experiencing a strong rebound [1][3] - The London spot gold price successfully surpassed the key level of $4800 per ounce, with an intraday increase of 4.1%, reaching a peak of $4850 per ounce, indicating a recovery from previous declines [1][4] - Silver also saw a significant rebound, with an intraday increase of over 5%, contributing to the overall recovery in the precious metals sector [1][4] Group 2: Drivers of Stock Market Performance - The rise in Japanese and South Korean stock markets is primarily driven by the strong performance of U.S. semiconductor stocks, which positively impacted local storage chip stocks, leading to a significant increase in the KOSPI index [3] - The Nikkei 225 index benefited from the combined strength of the semiconductor and consumer sectors, along with foreign capital inflow due to fluctuations in the yen exchange rate [3] - Market expectations for economic recovery in both Japan and South Korea have also provided emotional support for the stock markets, despite previous short-term declines [3] Group 3: Precious Metals Dynamics - The rebound in precious metals, particularly gold surpassing $4800, is attributed to a combination of oversold conditions and fundamental support, including ongoing central bank gold purchases [4] - The global central bank gold purchase volume is projected to reach 1200 tons by January 2026, with the People's Bank of China increasing its holdings, providing a solid bottom support for gold prices [4] - The industrial demand for silver, particularly in sectors like photovoltaics and electric vehicles, has further enhanced its appeal, leading to a widening supply-demand gap [4] Group 4: Macro Environment and Market Sentiment - The global macro environment has provided common support for the synchronized positive trend in both stock markets and precious metals, despite a slowdown in expectations for U.S. Federal Reserve rate cuts [5] - The agreement in the U.S. Senate on government funding has alleviated risks of a government shutdown, reducing uncertainty in global markets [5] - There is a notable divergence in market sentiment regarding the sustainability of the current trends, with optimistic views on semiconductor demand and cautious perspectives on potential corrections in both stock and precious metals markets [5][6]
STARTRADER星迈：日韩股市走高 贵金属反弹 黄金站上4800美元
Sou Hu Cai Jing·2026-02-03 02:35